Cabot Corporation (NYSE:CBT – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $91.80 and last traded at $91.0750, with a volume of 1456587 shares. The stock had previously closed at $91.80.
Analyst Ratings Changes
A number of research firms have recently weighed in on CBT. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on shares of Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Mizuho boosted their price target on shares of Cabot from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial started coverage on Cabot in a report on Monday, June 8th. They set a “buy” rating and a $98.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cabot currently has an average rating of “Hold” and a consensus price target of $83.80.
View Our Latest Report on Cabot
Cabot Trading Down 0.2%
Cabot (NYSE:CBT – Get Free Report) last announced its earnings results 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 company had revenue of $904.00 million during the quarter, compared to the consensus estimate of $900.30 million. During the same quarter in the prior year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. Equities analysts forecast that Cabot Corporation will post 6.34 EPS for the current year.
Cabot Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.4725 dividend. This is a boost from Cabot’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, May 29th. This represents a $1.89 annualized dividend and a yield of 2.1%. Cabot’s dividend payout ratio (DPR) is currently 35.73%.
Institutional Investors Weigh In On Cabot
A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of Cabot by 15.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,202 shares of the specialty chemicals company’s stock worth $80,000 after buying an additional 160 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Cabot by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,298 shares of the specialty chemicals company’s stock valued at $417,000 after acquiring an additional 161 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Cabot by 9.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,873 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 164 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Cabot by 10.5% during the first quarter. Parallel Advisors LLC now owns 1,843 shares of the specialty chemicals company’s stock worth $139,000 after purchasing an additional 175 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Cabot by 1.3% in the 3rd quarter. Gabelli Funds LLC now owns 13,570 shares of the specialty chemicals company’s stock worth $1,032,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.
Cabot Company 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.
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