Nwam LLC Makes New Investment in Cabot Corporation $CBT

Nwam LLC purchased a new position in shares of Cabot Corporation (NYSE:CBT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,220 shares of the specialty chemicals company’s stock, valued at approximately $770,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBT. Principal Financial Group Inc. boosted its stake in Cabot by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 177,368 shares of the specialty chemicals company’s stock worth $13,358,000 after purchasing an additional 10,765 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Cabot by 312.5% in the first quarter. Fifth Third Bancorp now owns 49,248 shares of the specialty chemicals company’s stock worth $3,709,000 after buying an additional 37,308 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Cabot by 10.4% in the first quarter. Sequoia Financial Advisors LLC now owns 15,099 shares of the specialty chemicals company’s stock worth $1,137,000 after buying an additional 1,423 shares during the last quarter. SkyOak Wealth LLC acquired a new stake in shares of Cabot during the first quarter worth $256,000. Finally, Appleton Partners Inc. MA acquired a new stake in shares of Cabot during the first quarter worth $223,000. 93.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CBT shares. UBS Group increased their price objective on Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. Truist Financial initiated coverage on Cabot in a research report on Monday, June 8th. They issued a “buy” rating and a $98.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of Cabot from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cabot currently has an average rating of “Hold” and a consensus price target of $85.80.

Cabot Trading Up 1.5%

Shares of CBT opened at $91.21 on Friday. The firm has a 50-day moving average price of $86.21 and a 200 day moving average price of $77.84. The firm has a market capitalization of $4.71 billion, a P/E ratio of 17.24, a P/E/G ratio of 11.82 and a beta of 0.83. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $94.53.

Cabot (NYSE:CBT) last released its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The firm had revenue of $904.00 million for the quarter, compared to analysts’ expectations of $900.30 million. During the same period in the prior year, the firm posted $1.90 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts forecast that Cabot Corporation will post 6.34 EPS for the current year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 28th. Cabot’s payout ratio is 35.73%.

Cabot Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.