Cabot Corporation (NYSE:CBT – Get Free Report) CEO Sean Keohane sold 2,779 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $85.50, for a total transaction of $237,604.50. Following the completion of the sale, the chief executive officer owned 288,873 shares in the company, valued at $24,698,641.50. The trade was a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Cabot Stock Performance
Shares of CBT stock opened at $84.58 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $87.77 and a 200 day moving average price of $81.18. The company has a market cap of $4.37 billion, a P/E ratio of 23.83, a PEG ratio of 11.11 and a beta of 0.84. Cabot Corporation has a 12 month low of $58.33 and a 12 month high of $94.53.
Cabot (NYSE:CBT – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The company had revenue of $982.00 million for the quarter, compared to analysts’ expectations of $943.16 million. Cabot had a return on equity of 20.29% and a net margin of 5.23%.Cabot’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts predict that Cabot Corporation will post 6.35 earnings per share for the current fiscal year.
Cabot Dividend Announcement
Hedge Funds Weigh In On Cabot
Institutional investors have recently modified their holdings of the business. Torren Management LLC acquired a new stake in Cabot during the 4th quarter worth $26,000. Rothschild Investment LLC increased its stake in Cabot by 170.4% in the fourth 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 during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Cabot in the second quarter valued at about $33,000. Global Retirement Partners LLC raised its holdings in shares of Cabot by 1,606.9% in the fourth quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 466 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Cabot by 409.0% during the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 364 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on CBT. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. UBS Group reduced their price objective on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Truist Financial set a $100.00 target price on shares of Cabot in a research report on Wednesday, August 5th. Finally, Mizuho lifted their price target on shares of Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cabot has a consensus rating of “Hold” and a consensus target price of $89.00.
Check Out Our Latest Stock Analysis on CBT
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.
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