Korea Investment CORP Buys Shares of 298,441 Ingersoll Rand Inc. $IR

Korea Investment CORP bought a new stake in Ingersoll Rand Inc. (NYSE:IR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 298,441 shares of the industrial products company's stock, valued at approximately $24,469,000. Korea Investment CORP owned approximately 0.08% of Ingersoll Rand at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bell Investment Advisors Inc bought a new position in Ingersoll Rand in the second quarter valued at approximately $26,000. Deseret Mutual Benefit Administrators lifted its stake in Ingersoll Rand by 46.9% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company's stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ingersoll Rand in the 4th quarter valued at $29,000. Reflection Asset Management bought a new position in shares of Ingersoll Rand in the 4th quarter valued at $31,000. Finally, Torren Management LLC bought a new position in shares of Ingersoll Rand in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 95.27% of the company's stock.

Ingersoll Rand Stock Performance

Ingersoll Rand stock opened at $80.52 on Monday. The business has a 50 day moving average of $81.86 and a 200-day moving average of $82.40. The company has a market capitalization of $31.24 billion, a P/E ratio of 33.14, a P/E/G ratio of 5.06 and a beta of 1.17. Ingersoll Rand Inc. has a 1 year low of $68.07 and a 1 year high of $100.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.62 and a quick ratio of 1.15.

Ingersoll Rand (NYSE:IR - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. Ingersoll Rand had a net margin of 12.08% and a return on equity of 12.90%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $0.80 EPS. The firm's revenue was up 8.5% compared to the same quarter last year. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. On average, equities research analysts predict that Ingersoll Rand Inc. will post 3.39 earnings per share for the current year.

Ingersoll Rand Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, August 13th. Ingersoll Rand's dividend payout ratio (DPR) is currently 3.29%.

Insider Buying and Selling

In related news, Director Aurobind Satpathy purchased 11,538 shares of Ingersoll Rand stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of $86.68 per share, for a total transaction of $1,000,113.84. Following the transaction, the director owned 11,538 shares of the company's stock, valued at approximately $1,000,113.84. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on IR shares. Stifel Nicolaus upgraded Ingersoll Rand from a "hold" rating to a "buy" rating and set a $101.00 price objective for the company in a research report on Monday, August 3rd. Barclays lowered their target price on Ingersoll Rand from $100.00 to $95.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Evercore set a $84.00 price target on shares of Ingersoll Rand in a research note on Monday, May 11th. Finally, Robert W. Baird lifted their price target on shares of Ingersoll Rand from $103.00 to $109.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $96.14.

About Ingersoll Rand

Ingersoll Rand is a diversified industrial company that designs, manufactures and services a wide range of equipment and technologies for commercial, industrial and OEM customers. Its product portfolio includes air compressors and compressed air systems, pneumatic and cordless power tools, material handling and lifting equipment, fluid transfer and pumping solutions, and associated aftermarket parts and service offerings. The company's products support applications across manufacturing, construction, transportation, oil and gas, mining and general industrial markets.

Ingersoll Rand sells through a combination of direct sales, distributor networks and service channels, delivering both capital equipment and recurring aftermarket revenue from parts, maintenance and service contracts.

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