Northwestern Mutual Wealth Management Co. Takes $8.49 Million Position in Iron Mountain Incorporated $IRM

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the second quarter, HoldingsChannel reports. The fund acquired 67,203 shares of the financial services provider’s stock, valued at approximately $8,488,000.

Other large investors have also made changes to their positions in the company. Varma Mutual Pension Insurance Co acquired a new position in Iron Mountain in the second quarter valued at $8,581,000. Emerald Investment Advisers LLC acquired a new stake in Iron Mountain during the second quarter worth about $2,341,000. Westpac Banking Corp acquired a new stake in Iron Mountain during the second quarter worth about $3,182,000. Korea Investment CORP purchased a new position in shares of Iron Mountain in the 2nd quarter worth about $27,611,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Iron Mountain in the 2nd quarter worth about $1,498,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the business’s 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 transaction, the executive vice president directly owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 company’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 owned 38,474 shares of the company’s stock, valued at $4,681,131.58. This trade represents a 50.00% 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 ninety days. 1.70% of the stock is owned by corporate insiders.

Iron Mountain Price Performance

Shares of IRM opened at $122.19 on Monday. The stock’s 50-day moving average is $124.52 and its two-hundred day moving average is $117.27. The stock has a market cap of $36.38 billion, a PE ratio of 87.28 and a beta of 1.20. Iron Mountain Incorporated has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM) last issued its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. 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, research analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Tuesday, September 15th will be issued a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 15th. Iron Mountain’s dividend payout ratio is currently 247.14%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays boosted their target price on Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Truist Financial set a $140.00 price target on shares of Iron Mountain in a report on Friday, May 1st. Weiss Ratings raised shares of Iron Mountain from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.17.

About Iron Mountain

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.