Brokerages Set Cabot Corporation (NYSE:CBT) Target Price at $89.00

Shares of Cabot Corporation (NYSE:CBT) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $89.00.

A number of research firms have recently commented on CBT. Mizuho boosted their price objective on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Truist Financial set a $100.00 price target on Cabot in a research note on Wednesday, August 5th. Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. raised their target price on Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Finally, UBS Group lowered their price objective on Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th.

Insider Transactions at Cabot

In other Cabot news, CEO Sean Keohane sold 134,895 shares of Cabot stock in a transaction on Friday, August 28th. The stock was sold at an average price of $85.00, for a total transaction of $11,466,075.00. Following the completion of the transaction, the chief executive officer directly owned 404,134 shares of the company’s stock, valued at approximately $34,351,390. This trade represents a 25.03% 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 link. Insiders sold 229,597 shares of company stock worth $19,646,746 in the last three months. Corporate insiders own 3.08% of the company’s stock.

Institutional Investors Weigh In On Cabot

A number of hedge funds and other institutional investors have recently bought and sold shares of CBT. BlackRock Inc. acquired a new stake in shares of Cabot in the second quarter valued at $633,302,000. California State Teachers Retirement System lifted its stake in shares of Cabot by 8,726.7% in the 2nd quarter. California State Teachers Retirement System now owns 5,593,422 shares of the specialty chemicals company’s stock valued at $507,995,000 after purchasing an additional 5,530,053 shares during the period. Bank of America Corp DE bought a new position in Cabot during the second quarter worth about $150,772,000. Norges Bank bought a new position in Cabot during the 4th quarter worth approximately $49,662,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Cabot in the 2nd quarter valued at $57,445,000. 93.18% of the stock is owned by institutional investors and hedge funds.

Cabot Price Performance

Shares of NYSE CBT opened at $79.83 on Monday. The firm’s 50-day simple moving average is $85.86 and its 200 day simple moving average is $81.61. The stock has a market cap of $4.12 billion, a P/E ratio of 22.49, a P/E/G ratio of 10.46 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. Cabot has a fifty-two week low of $58.33 and a fifty-two week high of $94.53.

Cabot (NYSE:CBT) last released its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.66 by $0.01. The firm 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%. Cabot’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Equities analysts expect that Cabot will post 6.35 EPS for the current year.

Cabot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were issued a $0.4725 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.4%. Cabot’s dividend payout ratio is presently 53.24%.

Cabot Company Profile

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company. Its products are used by manufacturers in transportation, infrastructure, energy, electronics, consumer goods, and other industrial markets.

Cabot’s Reinforcement Materials business produces carbon black and other materials used to reinforce tires, automotive components, industrial rubber products, and plastics. Its Performance Chemicals business supplies specialty carbon blacks, fumed metal oxides, inkjet colorants, conductive compounds, masterbatch products, and related materials used to modify the color, conductivity, strength, durability, and processing characteristics of finished products.

Founded in 1882, Cabot operates research, manufacturing, and commercial facilities serving customers in North America, South America, Europe, Asia, and other international markets.