185,077 Shares in Cabot Corporation $CBT Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in shares of Cabot Corporation (NYSE:CBT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 185,077 shares of the specialty chemicals company’s stock, valued at approximately $16,809,000. William Blair Investment Management LLC owned approximately 0.36% of Cabot at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Cabot in the second quarter valued at approximately $145,000. Advisors Capital Management LLC acquired a new position in shares of Cabot during the 2nd quarter worth approximately $267,000. PCM Encore LLC purchased a new position in shares of Cabot during the 2nd quarter valued at approximately $519,000. Vise Technologies Inc. purchased a new position in shares of Cabot during the 2nd quarter valued at approximately $205,000. Finally, Foster & Motley Inc. acquired a new stake in Cabot in the 2nd quarter valued at $1,194,000. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Cabot Stock Up 0.2%

Shares of NYSE CBT opened at $85.10 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 23.97, a P/E/G ratio of 11.11 and a beta of 0.84. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $94.53. The company has a 50-day moving average of $88.18 and a 200 day moving average of $80.87.

Cabot (NYSE:CBT) last released its earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. The business had revenue of $982.00 million for the quarter, compared to analyst estimates of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, sell-side analysts predict that Cabot Corporation will post 6.33 EPS for the current fiscal year.

Cabot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.4725 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.89 dividend on an annualized basis and a yield of 2.2%. Cabot’s payout ratio is 53.24%.

Wall Street Analyst Weigh In

CBT has been the subject of a number of research reports. UBS Group cut their target price on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. Mizuho boosted their price objective on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Truist Financial set a $100.00 target price on Cabot in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cabot currently has a consensus rating of “Hold” and an average target price of $89.00.

Insiders Place Their Bets

In other Cabot news, CEO Sean D. Keohane sold 91,923 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $86.41, for a total value of $7,943,066.43. Following the completion of the sale, the chief executive officer directly owned 404,134 shares in the company, valued at $34,921,218.94. This represents a 18.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.08% of the company’s stock.

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.