Cabot Corporation $CBT Holdings Lowered by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in Cabot Corporation (NYSE:CBT) by 32.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,416,471 shares of the specialty chemicals company’s stock after selling 1,149,701 shares during the quarter. Wellington Management Group LLP’s holdings in Cabot were worth $219,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Cabot during the 2nd quarter worth about $3,147,000. United Capital Financial Advisors LLC acquired a new position in shares of Cabot in the second quarter worth about $590,000. Equitable Holdings Inc. acquired a new position in shares of Cabot in the second quarter worth about $499,000. Jefferies Financial Group Inc. purchased a new position in shares of Cabot in the second quarter worth approximately $383,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Cabot during the second quarter valued at approximately $1,140,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Cabot Price Performance

NYSE CBT opened at $83.67 on Monday. The company has a 50 day simple moving average of $87.62 and a 200-day simple moving average of $81.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.97. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 10.98 and a beta of 0.84. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $94.53.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The firm had revenue of $982.00 million for the quarter, compared to the consensus estimate of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Equities research analysts predict that Cabot Corporation will post 6.35 earnings per share for the current fiscal year.

Cabot Announces Dividend

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. This represents a $1.89 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. Cabot’s payout ratio is currently 53.24%.

Insider Buying and Selling at Cabot

In other news, CEO Sean D. Keohane sold 91,923 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $86.41, for a total value of $7,943,066.43. Following the transaction, the chief executive officer directly owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.08% of the company’s stock.

Analysts Set New Price Targets

CBT has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research report on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. UBS Group reduced their target price on Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Mizuho raised their target price on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Two 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.com, Cabot has an average rating of “Hold” and a consensus target price of $89.00.

About Cabot

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.