Pasadena Private Wealth LLC Invests $2.73 Million in Iron Mountain Incorporated $IRM

Pasadena Private Wealth LLC acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,601 shares of the financial services provider’s stock, valued at approximately $2,728,000.

Other institutional investors also recently modified their holdings of the company. Madison Asset Management LLC bought a new stake in shares of Iron Mountain during the second quarter worth $2,154,000. Csenge Advisory Group bought a new position in Iron Mountain in the second quarter valued at about $496,000. AssuredPartners Investment Advisors LLC bought a new position in Iron Mountain in the second quarter valued at about $237,000. Denali Advisors LLC increased its position in Iron Mountain by 1.5% in the second quarter. Denali Advisors LLC now owns 9,495 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 137 shares during the period. Finally, NewEdge Wealth LLC acquired a new stake in Iron Mountain in the second quarter worth about $2,696,000. 80.13% of the stock is owned by institutional investors.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $121.96 on Thursday. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 87.12 and a beta of 1.20. The stock’s 50-day moving average is $124.66 and its 200-day moving average is $116.83. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $134.68.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the company earned $1.24 earnings per share. Iron Mountain’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, equities analysts expect that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.864 per share. This represents a $3.46 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is currently 247.14%.

Wall Street Analyst Weigh In

IRM has been the topic of several analyst reports. Weiss Ratings raised Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Barclays boosted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Iron Mountain has an average rating of “Moderate Buy” and an average target price of $135.17.

Insider Buying and Selling

In related news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the transaction, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 127,422 shares of company stock worth $15,810,652 over the last quarter. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.