Dimensional Fund Advisors LP Raises Stock Position in Cabot Corporation $CBT

Key Points

• Dimensional Fund Advisors LP increased its holdings in Cabot Corporation by 8.2% in Q1, owning 1,426,693 shares valued at approximately $118.61 million.
• CEO Sean D. Keohane sold 114,436 shares of Cabot stock for about $9.07 million, which reduced his ownership by 24.04%.
• Cabot Corp reported Q2 earnings of $1.90 per share, surpassing estimates, and has announced a quarterly dividend of $0.45 per share, reflecting an annualized yield of 2.2%.

Dimensional Fund Advisors LP increased its position in shares of Cabot Corporation (NYSE:CBT - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,426,693 shares of the specialty chemicals company's stock after purchasing an additional 108,397 shares during the period. Dimensional Fund Advisors LP owned 2.63% of Cabot worth $118,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CBT. Raymond James Financial Inc. bought a new stake in shares of Cabot during the 4th quarter valued at $5,057,000. Tower Research Capital LLC TRC raised its position in shares of Cabot by 225.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,617 shares of the specialty chemicals company's stock valued at $787,000 after purchasing an additional 5,972 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Cabot during the 4th quarter valued at $795,000. Stifel Financial Corp raised its position in shares of Cabot by 68.2% during the 4th quarter. Stifel Financial Corp now owns 75,717 shares of the specialty chemicals company's stock valued at $6,914,000 after purchasing an additional 30,694 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Cabot by 359.1% during the 4th quarter. Hsbc Holdings PLC now owns 23,367 shares of the specialty chemicals company's stock valued at $2,129,000 after purchasing an additional 18,277 shares during the period. 93.18% of the stock is currently owned by institutional investors.

Insider Activity at Cabot

In other Cabot news, CEO Sean D. Keohane sold 114,436 shares of Cabot stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.28, for a total value of $9,072,486.08. Following the completion of the transaction, the chief executive officer directly owned 361,518 shares of the company's stock, valued at $28,661,147.04. This trade represents a 24.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Cabot from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. UBS Group set a $82.00 price target on shares of Cabot and gave the company a "neutral" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cabot currently has an average rating of "Hold" and a consensus price target of $92.33.

Cabot Price Performance

NYSE CBT traded down $0.12 on Thursday, reaching $81.83. The company had a trading volume of 251,478 shares, compared to its average volume of 419,775. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.35 billion, a PE ratio of 10.70 and a beta of 0.87. The firm's 50 day moving average price is $77.36 and its 200 day moving average price is $78.79. Cabot Corporation has a 12 month low of $70.40 and a 12 month high of $117.46.

Cabot (NYSE:CBT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The specialty chemicals company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.10. Cabot had a net margin of 11.14% and a return on equity of 25.68%. The company had revenue of $923.00 million for the quarter, compared to the consensus estimate of $957.29 million. Cabot has set its FY 2025 guidance at 7.150-7.500 EPS. As a group, equities analysts predict that Cabot Corporation will post 7.57 earnings per share for the current year.

Cabot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. Cabot's dividend payout ratio (DPR) is presently 23.53%.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.