Deutsche Bank AG purchased a new stake in Cabot Corporation (NYSE:CBT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,412 shares of the specialty chemicals company's stock, valued at approximately $5,033,000. Deutsche Bank AG owned 0.11% of Cabot at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Cabot in the fourth quarter valued at about $26,000. Rothschild Investment LLC grew its position in Cabot by 170.4% during the fourth quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company's stock worth $27,000 after buying an additional 259 shares in the last quarter. Global Retirement Partners LLC grew its position in Cabot by 1,606.9% during the fourth 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 in the last quarter. Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 364 shares during the period. Finally, Danske Bank A S bought a new position in Cabot during the 3rd quarter worth $38,000. Institutional investors own 93.18% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Wall Street Zen raised Cabot from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Cabot in a report on Friday. Truist Financial set a $100.00 target price on shares of Cabot in a research report on Wednesday, August 5th. Mizuho increased their price target on shares of Cabot from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cabot from $70.00 to $78.00 and gave the company an "underweight" rating in a research note on Friday, August 7th. Two 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. According to data from MarketBeat, Cabot currently has a consensus rating of "Hold" and an average target price of $89.00.
View Our Latest Stock Analysis on CBT
Cabot Trading Down 0.1%
NYSE CBT opened at $83.76 on Wednesday. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 10.89 and a beta of 0.84. Cabot Corporation has a twelve month low of $58.33 and a twelve month high of $94.53. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. The business's fifty day moving average is $87.99 and its 200 day moving average is $81.05.
Cabot (NYSE:CBT - Get Free Report) last issued its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $982.00 million during the quarter, compared to analysts' expectations of $943.16 million. During the same quarter in the prior year, the firm earned $1.90 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, sell-side analysts expect that Cabot Corporation will post 6.37 EPS for the current fiscal year.
Cabot Announces Dividend
The firm also recently disclosed 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. This represents a $1.89 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. Cabot's dividend payout ratio (DPR) is 53.24%.
Insider Buying and Selling
In other Cabot news, CEO Sean D. Keohane sold 91,923 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $86.41, for a total transaction of $7,943,066.43. Following the sale, the chief executive officer directly owned 404,134 shares of the company's stock, valued at $34,921,218.94. The trade was 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. 3.08% of the stock is currently owned by corporate insiders.
Cabot Company Profile
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Free Report)
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.
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