Strait & Sound Wealth Management LLC Makes New Investment in Iron Mountain Incorporated $IRM

Strait & Sound Wealth Management LLC purchased a new position in shares of Iron Mountain Incorporated (NYSE:IRM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,038 shares of the financial services provider’s stock, valued at approximately $1,015,000.

Other hedge funds have also made changes to their positions in the company. Bell Investment Advisors Inc purchased a new stake in shares of Iron Mountain in the second quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in Iron Mountain during the second quarter worth about $27,000. IMG Wealth Management Inc. purchased a new position in Iron Mountain during the second quarter worth about $34,000. Elevation Wealth Partners LLC boosted its stake in Iron Mountain by 444.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 283 shares of the financial services provider’s stock worth $36,000 after buying an additional 231 shares during the last quarter. Finally, Dynamic Wealth Strategies LLC acquired a new stake in Iron Mountain in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IRM. Barclays boosted their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Truist Financial increased their target price on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings downgraded Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Iron Mountain Trading Down 4.2%

Shares of IRM stock opened at $117.55 on Friday. The firm has a fifty day simple moving average of $123.89 and a 200-day simple moving average of $118.13. The company has a market capitalization of $34.99 billion, a PE ratio of 83.96 and a beta of 1.20. Iron Mountain Incorporated has a twelve month low of $77.77 and a twelve month high of $134.68.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The firm’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. Equities research analysts predict that Iron Mountain Incorporated will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Tuesday, September 15th will be paid a $0.864 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 2.9%. Iron Mountain’s payout ratio is 247.14%.

Insider Transactions at Iron Mountain

In related news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the sale, the executive vice president owned 101,507 shares in the company, valued at $12,454,908.90. This represents a 5.58% decrease in their ownership of the stock. 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 valued at $15,810,652 in the last three months. 1.70% of the stock is currently owned by company 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.