Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials' rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated. Its rubber blacks products are used in tires and industrial products. Performance Chemicals consists of two businesses: specialty carbons and formulations business, and metal oxides business. Purification Solutions' activated carbon products are used for the purification of water, air and pharmaceuticals, among others, as either a colorant or a decolorizing agent in the production of food and beverage applications. Its specialty fluids segment produces and markets cesium formate as a drilling and completion fluid for use in high pressure and high temperature oil and gas well construction.
Industry, Sector and Symbol
Industry Miscellaneous chemical products
Sub-IndustryCommodity Chemicals
SectorBasic Materials
SymbolNYSE:CBT
CUSIP12705510
Phone617-345-0100
Debt
Debt-to-Equity Ratio0.43%
Current Ratio1.63%
Quick Ratio1.02%
Price-To-Earnings
Trailing P/E Ratio16.59
Forward P/E Ratio14.01
P/E Growth1.38
Sales & Book Value
Annual Sales$2.72 billion
Price / Sales1.29
Cash Flow$6.0521 per share
Price / Cash9.40
Book Value$25.73 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)$3.43
Net Income$241 million
Net Margins2.30%
Return on Equity15.01%
Return on Assets7.00%
Miscellaneous
Employees4,500
Outstanding Shares61,810,000
Cabot (NYSE:CBT) Frequently Asked Questions
What is Cabot's stock symbol?
Cabot trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBT."
How often does Cabot pay dividends? What is the dividend yield for Cabot?
Cabot announced a quarterly dividend on Friday, January 12th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.315 per share on Friday, March 9th. This represents a $1.26 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, February 22nd. View Cabot's Dividend History.
How were Cabot's earnings last quarter?
Cabot Corp (NYSE:CBT) posted its earnings results on Tuesday, February, 6th. The specialty chemicals company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.78 by $0.15. The specialty chemicals company earned $720 million during the quarter, compared to the consensus estimate of $653.54 million. Cabot had a net margin of 2.30% and a return on equity of 15.01%. The firm's revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. View Cabot's Earnings History.
When is Cabot's next earnings date?
What price target have analysts set for CBT?
8 Wall Street analysts have issued 12-month price targets for Cabot's shares. Their forecasts range from $57.00 to $82.00. On average, they expect Cabot's stock price to reach $72.00 in the next year. View Analyst Ratings for Cabot.
Who are some of Cabot's key competitors?
Some companies that are related to Cabot include Keyera (KEY), West Fraser Timber (WFT), Alumina (AWC), Cheniere Energy Partners (CQH), Tosoh (TOSCF), Lundin Mining (LUN), U.S. Steel (X), Evraz (EVR), Turquoise Hill Resources (TRQ), Nissan Chemical Industries (NNCHY), KAZ Minerals (KZMYY), Alumina (AWCMY), Mexichem (MXCHY), Kinross Gold (K), Royal Gold (RGLD), Israel Chemicals (ICL), Methanex (MEOH) and SSAB Svenskt Stal (SSAAY).
Who are Cabot's key executives?
Cabot's management team includes the folowing people:
- Sean D. Keohane, President, Chief Executive Officer, Director (Age 50)
- Eduardo E. Cordeiro, Chief Financial Officer, Executive Vice President, President - Americas (Age 50)
- Nicholas S. Cross, Executive Vice President, President of Performance Chemicals and the Europe, Middle East and Africa (Age 56)
- Patricia Hubbard, Senior Vice President, Chief Technology Officer
- Friedrich von Gottberg, Senior Vice President, President - of Purification Solutions, Interim Chief Technology Officer (Age 49)
- Brian A. Berube, Senior Vice President, General Counsel (Age 55)
- Hobart C. Kalkstein, Senior Vice President and President - Reinforcement Materials (Age 47)
- Sue H. Rataj, Non-Executive Chairman of the Board (Age 60)
- John F. O'Brien, Director (Age 74)
- Cynthia A. Arnold, Independent Director (Age 60)
Has Cabot been receiving favorable news coverage?
News headlines about CBT stock have trended positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cabot earned a media sentiment score of 0.30 on Accern's scale. They also assigned news articles about the specialty chemicals company an impact score of 44.14 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
How do I buy shares of Cabot?
Shares of CBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cabot's stock price today?
One share of CBT stock can currently be purchased for approximately $56.89.
How big of a company is Cabot?
Cabot has a market capitalization of $3.47 billion and generates $2.72 billion in revenue each year. The specialty chemicals company earns $241 million in net income (profit) each year or $3.43 on an earnings per share basis. Cabot employs 4,500 workers across the globe.
How can I contact Cabot?
Cabot's mailing address is TWO SEAPORT LANE SUITE 1300, BOSTON MA, 02210. The specialty chemicals company can be reached via phone at 617-345-0100 or via email at [email protected]
MarketBeat Community Rating for Cabot (CBT)
MarketBeat's community ratings are surveys of what our community members think about Cabot and other stocks. Vote "Outperform" if you believe CBT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CBT will underperform the S&P 500 over the long term. You may vote once every thirty days.
Cabot (NYSE:CBT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Cabot in the last 12 months. Their average twelve-month price target is $72.00, suggesting that the stock has a possible upside of 26.56%. The high price target for CBT is $82.00 and the low price target for CBT is $57.00. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.63 | 2.63 | 2.71 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $72.00 | $72.8333 | $69.80 | $60.3333 |
| Price Target Upside: | 26.56% upside | 15.94% upside | 3.81% upside | 7.09% upside |
Cabot (NYSE:CBT) Consensus Price Target History
Cabot (NYSE:CBT) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Cabot (NYSE:CBT) Dividend Information
Cabot pays an annual dividend of $1.26 per share, with a dividend yield of 2.21%. CBT's most recent quarterly dividend payment was Friday, March 9. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 13.10% each year. Cabot pays out 36.73% of its earnings out as a dividend.
| Most Recent Dividend: | 3/9/2018 |
| Annual Dividend: | $1.26 |
| Dividend Yield: | 2.21% |
| Dividend Growth: | 13.10% (3 Year Average) |
| Payout Ratio: | 36.73% (Trailing 12 Months of Earnings)
31.03% (Based on This Year's Estimates)
27.81% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Cabot (NYSE:CBT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/12/2018 | quarterly | $0.3150 | 1.88% | 2/22/2018 | 2/23/2018 | 3/9/2018 |
| 11/10/2017 | quarterly | $0.3150 | 2.05% | 11/22/2017 | 11/24/2017 | 12/8/2017 |
| 7/14/2017 | quarterly | $0.3150 | 2.31% | 8/23/2017 | 8/25/2017 | 9/8/2017 |
| 5/10/2017 | quarterly | $0.3150 | 2.42% | 5/24/2017 | 5/26/2017 | 6/9/2017 |
| 1/13/2017 | quarterly | $0.30 | 2.24% | 2/22/2017 | 2/24/2017 | 3/10/2017 |
| 11/11/2016 | quarterly | $0.30 | 2.32% | 11/22/2016 | 11/25/2016 | 12/9/2016 |
| 7/8/2016 | quarterly | $0.30 | 2.51% | 8/24/2016 | 8/26/2016 | 9/9/2016 |
| 5/24/2016 | quarterly | $0.30 | 2.62% | 5/25/2016 | 5/27/2016 | 6/10/2016 |
| 1/8/2016 | quarterly | $0.22 | 2.35% | 2/24/2016 | 2/26/2016 | 3/11/2016 |
| 11/13/2015 | quarterly | $0.23 | 2.15% | 11/24/2015 | 11/27/2015 | 12/11/2015 |
| 7/10/2015 | quarterly | $0.22 | 2.3% | 8/26/2015 | 8/28/2015 | 9/11/2015 |
| 5/8/2015 | quarterly | $0.22 | 2.06% | 5/27/2015 | 5/29/2015 | 6/12/2015 |
| 1/9/2015 | quarterly | $0.22 | 2.08% | 2/25/2015 | 2/27/2015 | 3/13/2015 |
| 11/14/2014 | quarterly | $0.22 | 1.93% | 11/25/2014 | 11/28/2014 | 12/12/2014 |
| 7/9/2014 | quarterly | $0.22 | 1.54% | 8/27/2014 | 8/29/2014 | 9/12/2014 |
| 5/8/2014 | quarterly | $0.22 | 1.5% | 5/28/2014 | 5/30/2014 | 6/13/2014 |
| 1/10/2014 | quarterly | $0.20 | 1.57% | 2/26/2014 | 2/28/2014 | 3/14/2014 |
| 11/8/2013 | quarterly | $0.20 | 1.68% | 11/26/2013 | 11/29/2013 | 12/13/2013 |
| 7/12/2013 | quarterly | $0.20 | 2.04% | 8/28/2013 | 8/30/2013 | 9/13/2013 |
| 5/9/2013 | quarterly | $0.20 | 2.07% | 5/29/2013 | 5/31/2013 | 6/14/2013 |
| 1/15/2013 | quarterly | $0.20 | 1.89% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Cabot (NYSE CBT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 87.18%
Cabot (NYSE CBT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/14/2017 | Hobart Kalkstein | Insider | Sell | 3,881 | $53.39 | $207,206.59 | 27,736 |  |
| 3/2/2017 | Patrick M Prevost | Director | Sell | 61,363 | $59.14 | $3,629,007.82 | 328,053 | |
| 2/21/2017 | Patrick M Prevost | Director | Sell | 92,562 | $58.22 | $5,388,959.64 | 293,548 | |
| 2/9/2017 | Patrick M Prevost | Director | Sell | 62,400 | $57.48 | $3,586,752.00 | 315,620 | |
| 2/7/2017 | Eduardo E Cordeiro | Insider | Sell | 37,695 | $57.60 | $2,171,232.00 | 87,929 | |
| 2/7/2017 | Patrick M Prevost | Director | Sell | 48,902 | $57.23 | $2,798,661.46 | 302,122 | |
| 2/6/2017 | Brian A Berube | SVP | Sell | 39,215 | $57.56 | $2,257,215.40 | 66,735 | |
| 2/6/2017 | Eduardo E Cordeiro | CFO | Sell | 23,159 | $57.55 | $1,332,800.45 | 87,929 | |
| 2/6/2017 | Gottberg Friedrich Von | Insider | Sell | 15,909 | $57.42 | $913,494.78 | 45,184 | |
| 2/6/2017 | Nicholas S Cross | EVP | Sell | 7,000 | $57.79 | $404,530.00 | 46,733 | |
| 11/25/2016 | Hobart Kalkstein | Insider | Sell | 4,890 | $51.80 | $253,302.00 | 28,745 | |
| 11/14/2016 | Gottberg Friedrich Von | Insider | Sell | 19,553 | $51.05 | $998,180.65 | 26,207 | |
| 9/28/2016 | James Patrick Kelly | VP | Sell | 2,500 | $52.95 | $132,375.00 | 22,085 | |
| 8/30/2016 | Nicholas S Cross | Insider | Sell | 21,584 | $50.56 | $1,091,287.04 | 54,274 | |
| 8/25/2016 | Patrick M Prevost | Director | Sell | 47,800 | $49.59 | $2,370,402.00 | 326,023 | |
| 8/23/2016 | Brian A Berube | SVP | Sell | 16,489 | $49.90 | $822,801.10 | 42,622 | |
| 8/23/2016 | Eduardo E Cordeiro | Insider | Sell | 27,073 | $49.98 | $1,353,108.54 | 93,026 | |
| 8/23/2016 | Patrick M Prevost | Director | Sell | 2,200 | $50.21 | $110,462.00 | 280,508 | |
| 7/28/2016 | James Patrick Kelly | VP | Sell | 2,500 | $50.95 | $127,375.00 | 24,585 | |
| 7/12/2016 | James Patrick Kelly | VP | Sell | 2,500 | $48.95 | $122,375.00 | 27,085 | |
| 6/3/2016 | Patrick M Prevost | Director | Sell | 60,000 | $46.30 | $2,778,000.00 | 321,458 | |
| 3/3/2016 | James Patrick Kelly | VP | Sell | 12,225 | $47.05 | $575,186.25 | 41,810 | |
| 3/1/2016 | Patrick M Prevost | CEO | Sell | 60,000 | $44.98 | $2,698,800.00 | 351,458 | |
| 2/24/2015 | Ronaldo H Schmitz | Director | Sell | 5,000 | $46.85 | $234,250.00 | | |
| 2/13/2015 | Patrick M Prevost | CEO | Sell | 30,000 | $47.08 | $1,412,400.00 | | |
| 2/6/2015 | Lydia W Thomas | Director | Sell | 4,496 | $46.16 | $207,535.36 | | |
| 11/13/2014 | David A Miller | EVP | Sell | 8,000 | $47.19 | $377,520.00 | | |
| 8/11/2014 | David A Miller | EVP | Sell | 3,493 | $53.67 | $187,469.31 | | |
| 6/11/2014 | Roderick Macleod | Director | Sell | 57,800 | $59.51 | $3,439,678.00 | | |
| 6/6/2014 | Patrick M Prevost | CEO | Sell | 15,000 | $59.32 | $889,800.00 | | |
| 6/6/2014 | Sean D Keohane | SVP | Sell | 25,200 | $59.33 | $1,495,116.00 | | |
| 6/2/2014 | Patrick M Prevost | CEO | Sell | 15,000 | $56.28 | $844,200.00 | | |
| 5/12/2014 | David Miller | EVP | Sell | 3,494 | $58.61 | $204,783.34 | 32,102 | |
| 5/1/2014 | Patrick Prevost | CEO | Sell | 15,000 | $56.61 | $849,150.00 | 256,023 | |
| 4/1/2014 | Patrick Prevost | CEO | Sell | 15,000 | $59.22 | $888,300.00 | 256,023 | |
| 3/6/2014 | Brian Berube | SVP | Sell | 12,500 | $55.17 | $689,625.00 | 31,333 | |
| 3/6/2014 | Eduardo Cordeiro | CFO | Sell | 33,622 | $55.04 | $1,850,554.88 | 36,221 | |
| 2/13/2014 | Patrick Prevost | CEO | Sell | 15,000 | $50.16 | $752,400.00 | 256,023 | |
| 12/9/2013 | Patrick Prevost | CEO | Sell | 47,054 | $49.30 | $2,319,762.20 | 256,023 | |
| 12/5/2013 | Sean Keohane | SVP | Sell | 25,000 | $48.74 | $1,218,500.00 | 32,924 | |
| 12/4/2013 | Brian Berube | SVP | Sell | 10,445 | $48.49 | $506,478.05 | 31,333 | |
| 12/3/2013 | Eduardo Cordeiro | CFO | Sell | 48,753 | $48.23 | $2,351,357.19 | 48,149 | |
| 11/14/2013 | David Miller | EVP | Sell | 3,494 | $47.86 | $167,222.84 | 33,988 | |
| 11/11/2013 | James Patrick Kelly | VP | Sell | 2,500 | $47.75 | $119,375.00 | 25,360 | |
| 11/1/2013 | James Patrick Kelly | VP | Sell | 7,500 | $46.58 | $349,350.00 | | |
| 9/23/2013 | Brian Berube | SVP | Sell | 23,000 | $42.07 | $967,610.00 | 32,687 | |
| 9/20/2013 | Patrick Prevost | CEO | Sell | 12,000 | $42.80 | $513,600.00 | 250,166 | |
| 9/19/2013 | Sean Keohane | SVP | Sell | 25,000 | $42.56 | $1,064,000.00 | 27,518 | |
(Data available from 1/1/2013 forward)
Cabot (NYSE CBT) News Headlines
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Cabot (NYSE:CBT) SEC Filings
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Cabot (NYSE:CBT) Income Statement, Balance Sheet and Cash Flow Statement
Cabot (NYSE CBT) Stock Chart for Thursday, April, 19, 2018
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