Cabot (NYSE:CBT) CEO Sean Keohane Sells 91,923 Shares

Cabot Corporation (NYSE:CBT) CEO Sean Keohane sold 91,923 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $86.41, for a total value of $7,943,066.43. Following the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cabot Stock Performance

CBT stock opened at $87.03 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.47. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 11.28 and a beta of 0.84. Cabot Corporation has a 1 year low of $58.33 and a 1 year high of $94.53. The stock’s fifty day moving average is $87.90 and its two-hundred day moving average is $80.16.

Cabot (NYSE:CBT) last released its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.66 by $0.01. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The business had revenue of $982.00 million during the quarter, compared to analyst estimates of $943.16 million. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company’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. On average, research analysts predict that Cabot Corporation will post 6.33 EPS for the current year.

Cabot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a $0.4725 dividend. The ex-dividend date is Friday, August 28th. This represents a $1.89 annualized dividend and a yield of 2.2%. Cabot’s dividend payout ratio is 53.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Cabot in the second quarter valued at $633,302,000. Norges Bank acquired a new position in Cabot during the fourth quarter worth about $49,662,000. Bank of New York Mellon Corp acquired a new position in Cabot during the second quarter worth about $57,445,000. AQR Capital Management LLC raised its position in Cabot by 123.0% in the second quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock worth $65,096,000 after acquiring an additional 478,702 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Cabot by 186.7% during the 3rd quarter. UBS Group AG now owns 593,510 shares of the specialty chemicals company’s stock valued at $45,136,000 after purchasing an additional 386,514 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBT shares. JPMorgan Chase & Co. boosted their price objective on Cabot from $70.00 to $78.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. 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 note on Wednesday, August 5th. Mizuho boosted their price target on 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 Cabot in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a report on Sunday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.00.

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.