Penobscot Investment Management Company Inc. Sells 2,392 Shares of Cintas Corporation $CTAS

Posted by Brenda Bartman on Oct 28th, 2026

Penobscot Investment Management Company Inc. cut its holdings in Cintas Corporation (NASDAQ:CTAS – Free Report) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,073 shares of the business services provider’s stock after selling 2,392 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Cintas were worth $6,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Randolph Co Inc bought a new position in Cintas during the third quarter worth about $33,675,000. Valley National Advisers Inc. increased its stake in shares of Cintas by 15.8% in the 3rd quarter. Valley National Advisers Inc. now owns 11,669 shares of the business services provider’s stock valued at $2,276,000 after acquiring an additional 1,595 shares during the last quarter. Signaturefd LLC increased its stake in shares of Cintas by 5.7% in the 3rd quarter. Signaturefd LLC now owns 6,450 shares of the business services provider’s stock valued at $1,258,000 after acquiring an additional 349 shares during the last quarter. Simplicity Wealth LLC increased its stake in shares of Cintas by 26.8% in the 3rd quarter. Simplicity Wealth LLC now owns 2,501 shares of the business services provider’s stock valued at $488,000 after acquiring an additional 528 shares during the last quarter. Finally, Brookmont Capital Management raised its position in shares of Cintas by 8.2% in the 3rd quarter. Brookmont Capital Management now owns 1,834 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 139 shares during the period. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CTAS. Argus lifted their price objective on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Truist Financial upped their target price on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. The Goldman Sachs Group increased their target price on shares of Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Finally, Weiss Ratings cut shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.50.

View Our Latest Stock Analysis on CTAS

Cintas Price Performance

NASDAQ CTAS opened at $214.80 on Wednesday. The firm has a market cap of $85.29 billion, a P/E ratio of 42.37 and a beta of 0.92. The stock’s 50-day moving average is $203.56 and its 200-day moving average is $190.13. Cintas Corporation has a one year low of $161.16 and a one year high of $226.68.

Cintas (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities analysts anticipate that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 13th. Cintas’s dividend payout ratio is 41.03%.

About Cintas

(Free Report)

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.