6,495 Shares in Cabot Corporation $CBT Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in shares of Cabot Corporation (NYSE:CBT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,495 shares of the specialty chemicals company’s stock, valued at approximately $590,000.

A number of other institutional investors have also added to or reduced their stakes in CBT. BlackRock Inc. purchased a new stake in Cabot during the second quarter worth $633,302,000. Bank of America Corp DE purchased a new position in shares of Cabot in the 2nd quarter valued at $150,772,000. Norges Bank bought a new position in shares of Cabot in the 4th quarter worth $49,662,000. Bank of New York Mellon Corp bought a new position in shares of Cabot in the 2nd quarter worth $57,445,000. Finally, AQR Capital Management LLC lifted its stake in shares of Cabot by 123.0% during the 2nd quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock worth $65,096,000 after purchasing an additional 478,702 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Cabot Stock Down 1.1%

Cabot stock opened at $82.72 on Tuesday. Cabot Corporation has a 1-year low of $58.33 and a 1-year high of $94.53. The business has a fifty day moving average price of $87.46 and a 200-day moving average price of $81.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.97. The stock 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.

Cabot (NYSE:CBT) last announced its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The company had revenue of $982.00 million for the quarter, compared to analyst estimates of $943.16 million. During the same period in the prior year, the company posted $1.90 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts forecast that Cabot Corporation will post 6.35 EPS for the current fiscal year.

Cabot Announces Dividend

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

Insider Buying and Selling

In related 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 in the company, valued at $34,351,390. This trade represents a 25.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 229,597 shares of company stock valued at $19,646,746. 3.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CBT. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. JPMorgan Chase & Co. increased their price target on shares of Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Mizuho raised their price target on shares of Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research report on Friday, August 21st. Finally, UBS Group reduced their price objective on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cabot presently has an average rating of “Hold” and a consensus target price of $89.00.

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.