Korea Investment CORP Invests $24.47 Million in Ingersoll Rand Inc. $IR

Posted by Stanley Muller on Aug 24th, 2026

Ingersoll Rand logo Korea Investment CORP bought a new position in shares of Ingersoll Rand Inc. (NYSE:IR – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 298,441 shares of the industrial products company’s stock, valued at approximately $24,469,000.

A number of other large investors have also recently bought and sold shares of IR. Deseret Mutual Benefit Administrators raised its position in shares of Ingersoll Rand by 46.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 351 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Ingersoll Rand by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 21,284 shares of the industrial products company’s stock valued at $1,686,000 after purchasing an additional 138 shares in the last quarter. Groupama Asset Managment boosted its position in shares of Ingersoll Rand by 1.7% during the 4th quarter. Groupama Asset Managment now owns 8,146 shares of the industrial products company’s stock valued at $645,000 after purchasing an additional 140 shares in the last quarter. Andina Capital Management LLC grew its stake in Ingersoll Rand by 2.6% during the fourth quarter. Andina Capital Management LLC now owns 5,628 shares of the industrial products company’s stock worth $446,000 after purchasing an additional 145 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in Ingersoll Rand by 6.4% in the first quarter. Chicago Partners Investment Group LLC now owns 2,658 shares of the industrial products company’s stock worth $222,000 after purchasing an additional 160 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ingersoll Rand

In other news, Director Aurobind Satpathy purchased 11,538 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were bought at an average cost of $86.68 per share, with a total value of $1,000,113.84. Following the completion of the transaction, the director directly owned 11,538 shares of the company’s stock, valued at approximately $1,000,113.84. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by corporate insiders.

Ingersoll Rand Price Performance

Shares of IR opened at $80.52 on Monday. Ingersoll Rand Inc. has a 12-month low of $68.07 and a 12-month high of $100.96. The business’s fifty day moving average is $81.86 and its 200 day moving average is $82.40. The company has a quick ratio of 1.15, a current ratio of 1.62 and a debt-to-equity ratio of 0.40. The stock has a market cap 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 (NYSE:IR – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Ingersoll Rand’s quarterly revenue was up 8.5% on a year-over-year basis. Ingersoll Rand has set its FY 2026 guidance at 3.570-3.570 EPS. Sell-side analysts anticipate that Ingersoll Rand Inc. will post 3.39 earnings per share for the current fiscal year.

Ingersoll Rand Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.02 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Ingersoll Rand’s dividend payout ratio is currently 3.29%.

Analyst Ratings Changes

A number of research analysts recently issued reports on IR shares. Wells Fargo & Company dropped their target price on shares of Ingersoll Rand from $90.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings raised shares of Ingersoll Rand from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Stifel Nicolaus upgraded shares of Ingersoll Rand from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, August 3rd. Morgan Stanley set a $87.00 price objective on shares of Ingersoll Rand in a research report on Monday, August 10th. Finally, Citigroup reduced their target price on Ingersoll Rand from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ingersoll Rand currently has an average rating of “Moderate Buy” and an average price target of $96.14.

Check Out Our Latest Analysis on IR

Ingersoll Rand Company Profile

(Free Report)

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.