Roman Butler Fullerton & Co. Raises Position in Cintas Corporation $CTAS

Key Points

• Roman Butler Fullerton & Co. increased its stake in Cintas Corporation by 64.3% during Q2, bringing its total holdings to 10,462 shares valued at approximately $2.34 million.
• Cintas reported earnings of $1.20 per share for the last quarter, exceeding expectations, with a year-over-year revenue increase of 8.7%.
• The company announced an increase in its quarterly dividend from $0.39 to $0.45 per share, representing a 0.9% yield for shareholders.

Roman Butler Fullerton & Co. grew its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 64.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,462 shares of the business services provider's stock after buying an additional 4,095 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Cintas were worth $2,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in Cintas in the 1st quarter valued at approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas in the first quarter worth $29,000. Stone House Investment Management LLC bought a new position in shares of Cintas during the first quarter valued at $41,000. Resources Management Corp CT ADV purchased a new stake in shares of Cintas during the first quarter valued at $41,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Cintas during the first quarter valued at $46,000. Institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $193.54 on Thursday. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a market capitalization of $77.78 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 3.40 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $202.81 and a 200 day moving average of $212.26.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.45 per share. This is a boost from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas's dividend payout ratio is presently 40.82%.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 5,084 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 21,945 shares in the company, valued at approximately $4,904,049.15. The trade was a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Todd M. Schneider sold 17,301 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total transaction of $3,821,790.90. Following the completion of the sale, the chief executive officer directly owned 622,712 shares of the company's stock, valued at $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Cintas from $221.00 to $218.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Royal Bank Of Canada lowered their price objective on shares of Cintas from $240.00 to $206.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group raised their target price on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cintas in a research note on Wednesday, October 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $222.09.

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.

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