Nwam LLC Acquires New Position in Cabot Corporation $CBT

Nwam LLC bought a new position in shares of Cabot Corporation (NYSE:CBT) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,220 shares of the specialty chemicals company’s stock, valued at approximately $770,000.

A number of other hedge funds also recently added to or reduced their stakes in CBT. Principal Financial Group Inc. boosted its position in Cabot by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 177,368 shares of the specialty chemicals company’s stock valued at $13,358,000 after buying an additional 10,765 shares during the period. Fifth Third Bancorp increased its position in shares of Cabot by 312.5% during the first quarter. Fifth Third Bancorp now owns 49,248 shares of the specialty chemicals company’s stock worth $3,709,000 after acquiring an additional 37,308 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Cabot by 10.4% during the first quarter. Sequoia Financial Advisors LLC now owns 15,099 shares of the specialty chemicals company’s stock worth $1,137,000 after acquiring an additional 1,423 shares during the period. SkyOak Wealth LLC acquired a new stake in shares of Cabot in the first quarter valued at $256,000. Finally, Appleton Partners Inc. MA acquired a new stake in shares of Cabot in the first quarter valued at $223,000. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBT has been the subject of several analyst reports. UBS Group boosted their target price on Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. Mizuho lifted their price objective on Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Truist Financial began coverage on Cabot in a research report on Monday, June 8th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cabot presently has an average rating of “Hold” and a consensus target price of $85.80.

Cabot Trading Up 1.5%

NYSE:CBT opened at $91.21 on Friday. The stock has a 50-day simple moving average of $86.21 and a 200-day simple moving average of $77.84. The stock has a market cap of $4.71 billion, a P/E ratio of 17.24, a P/E/G ratio of 11.82 and a beta of 0.83. Cabot Corporation has a 1 year low of $58.33 and a 1 year high of $94.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.45.

Cabot (NYSE:CBT) last issued its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.14. The business had revenue of $904.00 million for the quarter, compared to analyst estimates of $900.30 million. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The business’s quarterly revenue was down 3.4% 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 6.000-6.50 EPS. As a group, analysts anticipate that Cabot Corporation will post 6.34 earnings per share for the current fiscal year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $0.4725 dividend. This represents a $1.89 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 28th. Cabot’s dividend payout ratio is currently 35.73%.

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.