Northwestern Mutual Wealth Management Co. Acquires Shares of 36,459 Cintas Corporation $CTAS

Posted by Brenda Bartman on Aug 24th, 2026

Northwestern Mutual Wealth Management Co. acquired a new stake in Cintas Corporation (NASDAQ:CTAS – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 36,459 shares of the business services provider’s stock, valued at approximately $6,201,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 428 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Cintas in the 2nd quarter valued at about $625,000. Treasurer of the State of North Carolina raised its position in shares of Cintas by 20.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after acquiring an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC raised its position in shares of Cintas by 50.2% during the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock worth $20,710,000 after acquiring an additional 31,068 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTAS shares. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Truist Financial dropped their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $212.31.

Read Our Latest Report on CTAS

Cintas Price Performance

Cintas stock opened at $203.79 on Monday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The company has a market capitalization of $81.55 billion, a P/E ratio of 54.49, a PEG ratio of 3.29 and a beta of 0.91. The stock has a 50-day simple moving average of $191.16 and a 200-day simple moving average of $185.04.

Cintas (NASDAQ:CTAS – Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 55.61%.

About Cintas

(Free Report)

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.