Mitsubishi UFJ Asset Management Co. Ltd. Makes New $1.32 Million Investment in Cabot Corporation $CBT

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Cabot Corporation (NYSE:CBT) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,541 shares of the specialty chemicals company’s stock, valued at approximately $1,321,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CBT. Torren Management LLC purchased a new stake in Cabot during the 4th quarter worth approximately $26,000. Rothschild Investment LLC boosted its position in Cabot by 170.4% in the 4th 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 during the period. Global Retirement Partners LLC boosted its position in Cabot by 1,606.9% in the 4th 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 period. Geneos Wealth Management Inc. grew its stake in shares of Cabot by 409.0% in the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Cabot in the third quarter worth $38,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial set a $100.00 price objective on Cabot in a research note on Wednesday, August 5th. Mizuho boosted their target price on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. UBS Group reduced their price target on Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $89.00.

Insider Activity

In other news, CEO Sean D. Keohane sold 91,923 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. This represents a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.08% of the company’s stock.

Cabot Trading Up 0.2%

Shares of NYSE:CBT opened at $85.10 on Friday. Cabot Corporation has a 52 week low of $58.33 and a 52 week high of $94.53. The company’s 50 day moving average is $88.18 and its two-hundred day moving average is $80.87. The company has a market cap of $4.39 billion, a PE ratio of 23.97, a P/E/G ratio of 11.08 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 data 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 business had revenue of $982.00 million during 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 company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Equities analysts predict that Cabot Corporation will post 6.33 earnings per share for the current fiscal year.

Cabot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. Cabot’s payout ratio is 53.24%.

Cabot Company Profile

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.