Sanctuary Advisors LLC Takes Position in Cabot Corporation $CBT

Sanctuary Advisors LLC bought a new position in Cabot Corporation (NYSE:CBTFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,242 shares of the specialty chemicals company’s stock, valued at approximately $930,000.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in Cabot during the second quarter worth approximately $33,000. Evolve Private Wealth LLC acquired a new position in shares of Cabot in the 2nd quarter valued at $264,000. William Blair Investment Management LLC acquired a new position in shares of Cabot in the 2nd quarter valued at $16,809,000. Allworth Financial LP purchased a new stake in shares of Cabot during the 2nd quarter valued at $145,000. Finally, Advisors Capital Management LLC acquired a new stake in shares of Cabot during the 2nd quarter worth $267,000. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBT shares. UBS Group cut their target price on Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Mizuho upped their price target on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Truist Financial set a $100.00 price objective on Cabot in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.00.

Read Our Latest Analysis on Cabot

Cabot Stock Up 0.0%

Shares of NYSE CBT opened at $84.58 on Friday. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $94.53. The company has a market cap of $4.37 billion, a P/E ratio of 23.83, a P/E/G ratio of 11.11 and a beta of 0.84. 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 stock has a fifty day moving average price of $87.77 and a 200 day moving average price of $81.18.

Cabot (NYSE:CBTGet Free Report) last issued its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The company had revenue of $982.00 million for the quarter, compared to analysts’ expectations of $943.16 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts anticipate that Cabot Corporation will post 6.35 EPS for the current fiscal year.

Cabot Announces Dividend

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

Insider Buying and Selling

In related news, CEO Sean D. Keohane sold 91,923 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $86.41, for a total transaction of $7,943,066.43. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.08% of the company’s stock.

Cabot Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cabot (NYSE:CBT)

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