Insider Selling: Cabot (NYSE:CBT) CEO Sells $7,943,066.43 in Stock

Cabot Corporation (NYSE:CBT) CEO Sean Keohane sold 91,923 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cabot Price Performance

Shares of NYSE CBT opened at $86.28 on Friday. The stock’s 50-day simple moving average is $87.98 and its two-hundred day simple moving average is $80.34. Cabot Corporation has a twelve month low of $58.33 and a twelve month high of $94.53. The firm has a market capitalization of $4.45 billion, a P/E ratio of 24.30, a P/E/G ratio of 11.26 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.48.

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

Cabot Announces Dividend

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

Hedge Funds Weigh In On Cabot

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in Cabot during the second quarter valued at about $930,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Cabot in the second quarter worth about $33,000. Evolve Private Wealth LLC bought a new stake in shares of Cabot in the 2nd quarter valued at about $264,000. William Blair Investment Management LLC purchased a new stake in Cabot during the 2nd quarter valued at about $16,809,000. Finally, Allworth Financial LP purchased a new stake in Cabot during the 2nd quarter valued at about $145,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CBT shares. Mizuho raised their price objective on shares of Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. UBS Group lowered their price target on Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. increased their price objective on Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $89.00.

Cabot Company 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.