Johnson Investment Counsel Inc. Grows Stake in Cintas Corporation $CTAS

Johnson Investment Counsel Inc. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,809 shares of the business services provider’s stock after purchasing an additional 3,397 shares during the period. Johnson Investment Counsel Inc.’s holdings in Cintas were worth $30,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Portside Wealth Group LLC raised its stake in shares of Cintas by 3.5% in the second quarter. Portside Wealth Group LLC now owns 1,360 shares of the business services provider’s stock valued at $303,000 after acquiring an additional 46 shares during the period. Elyxium Wealth LLC grew its holdings in Cintas by 3.8% during the 2nd quarter. Elyxium Wealth LLC now owns 1,322 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 48 shares during the last quarter. Beacon Investment Advisors LLC raised its position in Cintas by 3.2% in the 2nd quarter. Beacon Investment Advisors LLC now owns 1,725 shares of the business services provider’s stock worth $381,000 after purchasing an additional 53 shares during the period. CreativeOne Wealth LLC lifted its stake in Cintas by 0.3% in the second quarter. CreativeOne Wealth LLC now owns 16,697 shares of the business services provider’s stock worth $3,721,000 after purchasing an additional 54 shares during the last quarter. Finally, Woodward Diversified Capital LLC boosted its position in shares of Cintas by 4.7% during the third quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider’s stock valued at $252,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CTAS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. Morgan Stanley decreased their target price on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Citigroup restated a “sell” rating and issued a $181.00 price target (up from $176.00) on shares of Cintas in a report on Monday, December 22nd. Rothschild & Co Redburn set a $184.00 price objective on shares of Cintas in a report on Tuesday, November 11th. Finally, Wells Fargo & Company raised shares of Cintas from a “cautious” rating to an “overweight” rating and boosted their price objective for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.08.

Cintas Trading Down 0.5%

NASDAQ CTAS opened at $194.81 on Tuesday. Cintas Corporation has a one year low of $180.39 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.49 and a current ratio of 1.71. The company has a market capitalization of $77.90 billion, a price-to-earnings ratio of 56.80, a price-to-earnings-growth ratio of 3.35 and a beta of 0.95. The company’s 50-day simple moving average is $189.95 and its two-hundred day simple moving average is $196.89.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, February 13th. Cintas’s dividend payout ratio is 52.48%.

Cintas announced that its board has approved a stock buyback plan on Tuesday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.