Northwestern Mutual Wealth Management Co. Buys 1,394 Shares of Cintas Corporation $CTAS

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Cintas Corporation by 5.2%, owning 28,457 shares worth approximately $5.85 million as of its latest SEC filing.
• Cintas reported $1.09 earnings per share, surpassing analysts' expectations, and announced a dividend increase from $0.39 to $0.45 per share, with a yield of 0.8%.
• Equities analysts have raised their price targets for Cintas, with Goldman Sachs increasing it from $233 to $257, indicating a strong buy sentiment among multiple firms.

Northwestern Mutual Wealth Management Co. boosted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,457 shares of the business services provider's stock after purchasing an additional 1,394 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Cintas were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Cintas by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 37,859,304 shares of the business services provider's stock worth $7,781,223,000 after buying an additional 491,307 shares during the last quarter. Nuveen LLC bought a new stake in Cintas during the first quarter worth about $1,877,760,000. Northern Trust Corp boosted its position in Cintas by 0.7% during the first quarter. Northern Trust Corp now owns 4,095,506 shares of the business services provider's stock valued at $841,749,000 after purchasing an additional 28,469 shares during the last quarter. Royal Bank of Canada boosted its position in Cintas by 3.3% during the fourth quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after purchasing an additional 115,268 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cintas by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock valued at $514,875,000 after purchasing an additional 295,226 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $4.52 during mid-day trading on Tuesday, reaching $205.51. 2,451,278 shares of the company were exchanged, compared to its average volume of 1,641,517. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock has a market capitalization of $82.82 billion, a P/E ratio of 46.60, a P/E/G ratio of 3.62 and a beta of 1.01. The company's 50-day simple moving average is $218.65 and its 200-day simple moving average is $212.92. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the prior year, the firm earned $3.99 EPS. The business's revenue was up 8.0% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.710-4.85 EPS. As a group, research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.45 dividend. This is a boost from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. This represents a $1.80 annualized dividend and a yield of 0.9%. Cintas's dividend payout ratio is presently 40.82%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Morgan Stanley boosted their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Robert W. Baird upped their price target on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 price objective on shares of Cintas in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $224.54.

Insider Buying and Selling at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

About Cintas

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.