Landscape Capital Management L.L.C. Makes New Investment in Cabot Corporation $CBT

Key Points

• Landscape Capital Management L.L.C. invested approximately $581,000 in Cabot Corporation ($CBT), acquiring 6,986 shares of the specialty chemicals company during the first quarter.
• Cabot Corporation announced a quarterly dividend of $0.45 per share, yielding 2.2%, to be paid on September 11th to stockholders of record as of August 29th.
• Cabot beat analysts' earnings estimates with $1.90 earnings per share for the recent quarter, while setting its FY 2025 guidance at 7.150-7.500 EPS.

Landscape Capital Management L.L.C. bought a new stake in Cabot Corporation (NYSE:CBT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,986 shares of the specialty chemicals company's stock, valued at approximately $581,000.

A number of other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Cabot by 13.2% in the first quarter. American Century Companies Inc. now owns 1,498,268 shares of the specialty chemicals company's stock valued at $124,566,000 after acquiring an additional 174,921 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cabot by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,426,693 shares of the specialty chemicals company's stock valued at $118,606,000 after acquiring an additional 108,397 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Cabot by 1.7% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,886 shares of the specialty chemicals company's stock valued at $99,010,000 after acquiring an additional 19,333 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of Cabot by 5.8% in the first quarter. Copeland Capital Management LLC now owns 805,504 shares of the specialty chemicals company's stock valued at $66,970,000 after acquiring an additional 44,132 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Cabot by 12.4% in the fourth quarter. Northern Trust Corp now owns 794,477 shares of the specialty chemicals company's stock valued at $72,544,000 after acquiring an additional 87,881 shares during the last quarter. Institutional investors own 93.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBT shares. Wall Street Zen cut 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 objective on shares of Cabot and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Cabot presently has an average rating of "Hold" and an average target price of $92.33.

Cabot Trading Up 0.8%

Shares of Cabot stock traded up $0.64 on Thursday, hitting $81.03. 117,643 shares of the company's stock traded hands, compared to its average volume of 418,484. Cabot Corporation has a one year low of $70.40 and a one year high of $117.46. The stock has a market capitalization of $4.31 billion, a PE ratio of 10.59 and a beta of 0.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.13 and a quick ratio of 1.41. The firm's 50-day moving average price is $77.88 and its two-hundred day moving average price is $78.65.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $957.29 million. Cabot has set its FY 2025 guidance at 7.150-7.500 EPS. On average, research analysts expect that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Sean D. Keohane sold 114,436 shares of the company's 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 approximately $28,661,147.04. This represents a 24.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.03% of the company's stock.

Cabot Profile

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.