First Eagle Investment Management LLC Buys 71,800 Shares of Cabot Corporation $CBT

Key Points

• First Eagle Investment Management increased its Cabot stake by 52.5%, purchasing 71,800 additional shares to hold 208,450 shares worth approximately $18.9 million. Institutional investors collectively own 93.18% of the company.
• Cabot reported quarterly EPS of $1.67, slightly exceeding estimates, while revenue rose 6.4% year over year to $982 million. The company maintained fiscal 2026 EPS guidance of $6.15–$6.45.
• Analysts maintain a consensus “Hold” rating with an average price target of $89, compared with the stock’s $81.47 opening price. Cabot also declared a $0.4725 quarterly dividend, while its CEO sold 134,895 shares for about $11.5 million.

First Eagle Investment Management LLC boosted its stake in shares of Cabot Corporation (NYSE:CBT - Free Report) by 52.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,450 shares of the specialty chemicals company's stock after acquiring an additional 71,800 shares during the period. First Eagle Investment Management LLC owned 0.40% of Cabot worth $18,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its position in shares of Cabot by 15.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,202 shares of the specialty chemicals company's stock valued at $80,000 after acquiring an additional 160 shares during the period. Janney Montgomery Scott LLC raised its stake in Cabot by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,298 shares of the specialty chemicals company's stock valued at $417,000 after purchasing an additional 161 shares in the last quarter. Parallel Advisors LLC lifted its position in Cabot by 10.5% during the first quarter. Parallel Advisors LLC now owns 1,843 shares of the specialty chemicals company's stock worth $139,000 after purchasing an additional 175 shares during the period. Swiss Life Asset Management Ltd lifted its position in Cabot by 3.6% during the second quarter. Swiss Life Asset Management Ltd now owns 6,147 shares of the specialty chemicals company's stock worth $558,000 after purchasing an additional 212 shares during the period. Finally, Rothschild Investment LLC grew its stake 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. 93.18% of the stock is owned by institutional investors and hedge funds.

Cabot Stock Down 0.0%

CBT stock opened at $81.47 on Monday. The firm has a 50-day moving average price of $86.67 and a 200-day moving average price of $81.44. Cabot Corporation has a 12 month low of $58.33 and a 12 month high of $94.53. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.21 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 10.70 and a beta of 0.83.

Cabot (NYSE:CBT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $982.00 million during the quarter, compared to analysts' expectations of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities research analysts anticipate that Cabot Corporation will post 6.35 EPS for the current fiscal year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.4725 per share. The ex-dividend date is Friday, August 28th. This represents a $1.89 annualized dividend and a dividend yield of 2.3%. Cabot's dividend payout ratio is 53.24%.

Analyst Ratings Changes

Several research firms have commented on CBT. Weiss Ratings reissued a "hold (c)" rating on shares of Cabot in a report on Friday, August 21st. 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. Wall Street Zen raised shares of Cabot from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. boosted their price objective 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. Finally, UBS Group cut their target price on Cabot from $97.00 to $92.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $89.00.

Insider Activity at Cabot

In other news, CEO Sean Keohane sold 134,895 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $85.00, for a total value of $11,466,075.00. Following the completion of the transaction, the chief executive officer directly owned 404,134 shares in the company, valued at approximately $34,351,390. This represents a 25.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 229,597 shares of company stock valued at $19,646,746. 3.08% of the stock is currently owned by corporate insiders.

Cabot 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.

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