Cabot (NYSE:CBT) CEO Sells $237,604.50 in Stock

Cabot Corporation (NYSE:CBT) CEO Sean Keohane sold 2,779 shares of Cabot stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $85.50, for a total transaction of $237,604.50. Following the sale, the chief executive officer owned 288,873 shares in the company, valued at approximately $24,698,641.50. This represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cabot Price Performance

Shares of Cabot stock traded up $0.75 on Wednesday, hitting $84.39. The company had a trading volume of 110,808 shares, compared to its average volume of 472,356. The company has a market cap of $4.36 billion, a PE ratio of 23.77, a PEG ratio of 10.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.97. Cabot Corporation has a 52 week low of $58.33 and a 52 week high of $94.53. The business has a 50-day simple moving average of $87.99 and a 200-day simple moving average of $81.05.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The firm had revenue of $982.00 million during the quarter, compared to analyst estimates of $943.16 million. During the same period last year, the company posted $1.90 EPS. The firm’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. Research analysts expect that Cabot Corporation will post 6.37 EPS for the current fiscal year.

Cabot Dividend Announcement

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 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 payout ratio is 53.24%.

Wall Street Analyst Weigh In

CBT has been the subject of several research reports. Wall Street Zen raised 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 report on Wednesday, August 5th. Mizuho lifted their price target on Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. UBS Group dropped their price objective on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research note on Friday. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $89.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CBT. BlackRock Inc. bought a new position in Cabot during the second quarter worth $633,302,000. California State Teachers Retirement System grew 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 stake in Cabot in the second quarter valued at $150,772,000. Norges Bank bought a new stake in Cabot in the fourth quarter valued at $49,662,000. Finally, Bank of New York Mellon Corp acquired a new position in Cabot during the second quarter worth $57,445,000. 93.18% of the stock is owned by institutional investors.

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.