Cabot (NYSE:CBT) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Cabot Corporation (NYSE:CBT)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $77.50 and traded as high as $89.79. Cabot shares last traded at $87.68, with a volume of 439,586 shares.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CBT shares. UBS Group lifted their price objective on shares of Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Truist Financial started coverage on shares of Cabot in a research note on Monday, June 8th. They issued a “buy” rating and a $98.00 target price for the company. Mizuho lifted their target price on shares of Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.80.

Cabot Price Performance

The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 11.54 and a beta of 0.83. The company’s 50 day moving average is $86.01 and its 200 day moving average is $77.67. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.45 and a quick ratio of 0.96.

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. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The company had revenue of $904.00 million for the quarter, compared to analyst estimates of $900.30 million. During the same period in the prior year, the business posted $1.90 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. Research analysts forecast that Cabot Corporation will post 6.34 earnings per share for the current fiscal year.

Cabot Dividend Announcement

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

Hedge Funds Weigh In On Cabot

Several hedge funds have recently bought and sold shares of CBT. Torren Management LLC purchased a new stake in Cabot during the fourth quarter worth $26,000. Rothschild Investment LLC increased its position in shares of Cabot by 170.4% in the fourth 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 in the last quarter. Global Retirement Partners LLC raised its stake in shares of Cabot by 1,606.9% during the 4th quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock worth $33,000 after buying an additional 466 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Cabot by 409.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 364 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Cabot during the 3rd quarter worth $38,000. 93.18% of the stock is owned by hedge funds and other institutional investors.

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.