The Manufacturers Life Insurance Company Acquires Shares of 47,211 Cabot Corporation $CBT

The Manufacturers Life Insurance Company bought a new position in shares of Cabot Corporation (NYSE:CBT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,211 shares of the specialty chemicals company’s stock, valued at approximately $4,288,000. The Manufacturers Life Insurance Company owned approximately 0.09% of Cabot at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CBT. Rothschild Investment LLC boosted its stake in shares of 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 buying an additional 259 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Cabot in the second quarter worth $33,000. Global Retirement Partners LLC lifted its holdings in 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 acquiring an additional 466 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Cabot by 409.0% in the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 364 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Cabot during the 3rd quarter worth $38,000. 93.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CBT. Wall Street Zen raised shares of Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Truist Financial set a $100.00 target price on shares of Cabot in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a report on Friday, August 21st. Mizuho lifted their price target on shares of Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, UBS Group decreased their price target on Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Two investment 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, Cabot currently has an average rating of “Hold” and an average price target of $89.00.

Cabot Trading Down 1.1%

Shares of CBT stock opened at $82.72 on Tuesday. The firm has a 50-day moving average price of $87.46 and a 200 day moving average price of $81.29. Cabot Corporation has a twelve month low of $58.33 and a twelve month high of $94.53. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 10.98 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.

Cabot (NYSE:CBT) last released its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.23% and a return on equity of 20.29%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts forecast that Cabot Corporation will post 6.35 earnings per share for the current fiscal year.

Cabot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.4725 per share. The ex-dividend date is Friday, August 28th. This represents a $1.89 dividend on an annualized basis and a yield of 2.3%. Cabot’s dividend payout ratio (DPR) is 53.24%.

Insider Buying and Selling

In other Cabot news, CEO Sean D. Keohane sold 134,895 shares of Cabot stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $85.00, for a total value of $11,466,075.00. Following the completion of the sale, the chief executive officer directly owned 404,134 shares of the company’s stock, valued at approximately $34,351,390. The trade was a 25.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 229,597 shares of company stock valued at $19,646,746. 3.08% of the stock is currently owned by insiders.

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.