Johnson Investment Counsel Inc. Acquires 1,359 Shares of Cintas Corporation $CTAS

Key Points

• Johnson Investment Counsel Inc. increased its holdings in Cintas Corporation (CTAS) by 0.9%, acquiring an additional 1,359 shares, bringing their total to 147,412 shares valued at approximately $32.85 million.
• Several hedge funds have recently invested in Cintas, with 63.46% of the stock being held by institutional investors, signaling strong interest in the company.
• Cintas reported a quarterly earnings of $1.20 EPS, exceeding expectations, and declared a dividend increase to $0.45 per share, highlighting positive growth in revenue and profitability.

Johnson Investment Counsel Inc. boosted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,412 shares of the business services provider's stock after purchasing an additional 1,359 shares during the period. Johnson Investment Counsel Inc.'s holdings in Cintas were worth $32,854,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CTAS. WPG Advisers LLC bought a new position in shares of Cintas during the first quarter valued at about $27,000. Saudi Central Bank bought a new position in shares of Cintas during the first quarter valued at about $29,000. Stone House Investment Management LLC bought a new position in shares of Cintas during the first quarter valued at about $41,000. Resources Management Corp CT ADV bought a new position in shares of Cintas during the first quarter valued at about $41,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after acquiring an additional 181 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price objective on shares of Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Citigroup boosted their price target on shares of Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research report on Friday, September 26th. UBS Group boosted their price target on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley boosted their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus target price of $222.09.

Insider Activity

In other news, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the sale, the director owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin Mucci acquired 1,200 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the transaction, the director owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company's stock.

Cintas Trading Down 2.0%

NASDAQ:CTAS opened at $187.96 on Friday. The company's 50 day moving average price is $208.33 and its 200-day moving average price is $213.10. Cintas Corporation has a 52 week low of $180.78 and a 52 week high of $229.24. The company has a quick ratio of 1.94, a current ratio of 2.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $75.53 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.25 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. On average, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, August 15th. This is a positive change from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's dividend payout ratio is currently 40.82%.

Cintas Company Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

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