Johnson Investment Counsel Inc. Raises Stock Position in Cintas Corporation $CTAS

Johnson Investment Counsel Inc. increased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,809 shares of the business services provider’s stock after acquiring an additional 3,397 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Cintas were worth $30,955,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares during the last quarter. Alpine Bank Wealth Management grew its stake in Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 153 shares during the last quarter. WPG Advisers LLC increased its position in Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Cintas by 3,925.0% in the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in Cintas by 57.0% in the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after acquiring an additional 61 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CTAS shares. UBS Group restated a “buy” rating on shares of Cintas in a report on Friday, December 19th. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and raised their target price for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. Citigroup reiterated a “sell” rating and set a $181.00 price target (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cintas in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $221.08.

Cintas Price Performance

Shares of CTAS opened at $194.81 on Tuesday. The business’s 50-day moving average is $189.95 and its two-hundred day moving average is $196.89. The company has a market capitalization of $77.90 billion, a P/E ratio of 56.80, a P/E/G ratio of 3.35 and a beta of 0.95. Cintas Corporation has a fifty-two week low of $180.39 and a fifty-two week 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.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping 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 return on equity of 41.07% and a net margin of 17.58%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

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

Cintas announced that its Board of Directors has approved a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Cintas Profile

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.