Brookmont Capital Management Raises Stock Holdings in Cintas Corporation $CTAS

Brookmont Capital Management boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 9.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,257 shares of the business services provider’s stock after purchasing an additional 108 shares during the period. Brookmont Capital Management’s holdings in Cintas were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Cintas by 3.9% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock worth $258,000 after acquiring an additional 47 shares during the last quarter. Oarsman Capital Inc. grew its holdings in shares of Cintas by 3.9% in the 1st quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider’s stock worth $272,000 after acquiring an additional 49 shares during the last quarter. Independent Wealth Network Inc. grew its holdings in shares of Cintas by 4.8% in the 2nd quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider’s stock worth $240,000 after acquiring an additional 49 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of Cintas by 17.4% in the 1st quarter. Truvestments Capital LLC now owns 338 shares of the business services provider’s stock worth $69,000 after acquiring an additional 50 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in shares of Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock worth $266,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS opened at $203.64 on Thursday. The stock has a market cap of $82.06 billion, a price-to-earnings ratio of 46.18, a PEG ratio of 3.54 and a beta of 1.01. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. 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 stock has a fifty day moving average price of $211.82 and a 200 day moving average price of $212.87.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal 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 given a $0.45 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 15th. Cintas’s payout ratio is presently 39.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CTAS. UBS Group lifted their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Citigroup lifted their price target on Cintas from $172.00 to $176.00 and gave the company a “sell” rating in a report on Friday, September 26th. Royal Bank Of Canada lowered their price target on Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group lifted their price target on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Cintas from $246.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $222.09.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares of the company’s stock, valued at $4,904,049.15. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Mucci purchased 1,200 shares of Cintas stock in a transaction on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, with a total value of $267,060.00. Following the transaction, the director directly owned 2,621 shares of the company’s stock, valued at approximately $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 14.90% of the company’s stock.

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.