Cabot (NYSE:CBT) CEO Sells 91,923 Shares of Stock

Cabot Corporation (NYSE:CBT) CEO Sean Keohane sold 91,923 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $86.41, for a total transaction of $7,943,066.43. Following the sale, the chief executive officer directly owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Cabot Stock Up 0.7%

Shares of Cabot stock traded up $0.58 on Tuesday, reaching $87.03. The stock had a trading volume of 428,298 shares, compared to its average volume of 483,177. The company has a 50 day moving average price of $87.91 and a 200 day moving average price of $80.05. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. Cabot Corporation has a 1 year low of $58.33 and a 1 year high of $94.53. The stock has a market capitalization of $4.49 billion, a P/E ratio of 24.52, a P/E/G ratio of 11.45 and a beta of 0.84.

Cabot (NYSE:CBT) last posted its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $982.00 million during the quarter, compared to analysts’ expectations of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. Cabot’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities research analysts forecast that Cabot Corporation will post 6.32 EPS for the current year.

Cabot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.4725 dividend. This represents a $1.89 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. Cabot’s dividend payout ratio (DPR) is presently 53.24%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Truist Financial set a $100.00 price target on shares of Cabot in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cabot presently has a consensus rating of “Hold” and an average price target of $89.00.

Institutional Trading of Cabot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Cabot in the fourth quarter worth about $26,000. Rothschild Investment LLC increased its stake in shares of Cabot by 170.4% in the 4th quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Cabot by 409.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Cabot by 1,606.9% in the 4th quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 466 shares during the period. Finally, Danske Bank A S acquired a new position in Cabot in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 93.18% of the company’s stock.

About Cabot

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.