Perigon Wealth Management LLC Acquires New Position in Iron Mountain Incorporated $IRM

Perigon Wealth Management LLC acquired a new stake in Iron Mountain Incorporated (NYSE:IRM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,276 shares of the financial services provider’s stock, valued at approximately $540,000.

A number of other institutional investors also recently modified their holdings of the stock. Bell Investment Advisors Inc purchased a new stake in shares of Iron Mountain during the second quarter worth $26,000. Elevation Wealth Partners LLC increased its position 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 purchasing an additional 231 shares during the last quarter. Dynamic Wealth Strategies LLC purchased a new stake in shares of Iron Mountain during the 1st quarter worth about $31,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Iron Mountain during the 4th quarter valued at about $25,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

Iron Mountain Trading Down 3.7%

NYSE IRM opened at $121.96 on Thursday. The company has a fifty day simple moving average of $124.66 and a 200 day simple moving average of $116.83. The company has a market cap of $36.31 billion, a P/E ratio of 87.12 and a beta of 1.20. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68.

Iron Mountain (NYSE:IRM) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a net margin of 5.54% and a negative return on equity of 85.44%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. 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 forecast that Iron Mountain Incorporated will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.8%. Iron Mountain’s payout ratio is presently 247.14%.

Insider Activity

In other Iron Mountain news, 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 transaction, the executive vice president directly owned 101,507 shares of the company’s stock, valued at $12,454,908.90. The trade was a 5.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 127,422 shares of company stock valued at $15,810,652 in the last three months. 1.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on IRM. JPMorgan Chase & Co. boosted their target price on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Finally, Weiss Ratings raised Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.17.

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.