Cabot (NYSE:CBT) Hits New 12-Month High – Here’s What Happened

Cabot Corporation (NYSE:CBT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $91.80 and last traded at $91.0750, with a volume of 1456587 shares changing hands. The stock had previously closed at $91.80.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen raised shares of Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Mizuho increased their target price on shares of Cabot from $75.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Finally, UBS Group upped their price target on shares of Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.80.

Cabot Trading Down 3.5%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.45. The stock has a fifty day moving average of $82.10 and a 200-day moving average of $75.22. The company has a market cap of $4.52 billion, a PE ratio of 16.54, a PEG ratio of 11.93 and a beta of 0.82.

Cabot (NYSE:CBT) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.14. The business had revenue of $904.00 million during the quarter, compared to the consensus estimate of $900.30 million. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. Sell-side analysts anticipate that Cabot Corporation will post 6.34 EPS for the current fiscal year.

Cabot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, May 29th. This is a positive change from Cabot’s previous quarterly dividend of $0.45. Cabot’s dividend payout ratio (DPR) is 35.73%.

Hedge Funds Weigh In On Cabot

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of Cabot by 8.1% during the first quarter. Pacer Advisors Inc. now owns 247,790 shares of the specialty chemicals company’s stock worth $18,661,000 after acquiring an additional 18,538 shares during the period. Amundi purchased a new stake in shares of Cabot in the first quarter valued at approximately $275,000. California State Teachers Retirement System boosted its holdings in shares of Cabot by 25.4% in the first quarter. California State Teachers Retirement System now owns 63,369 shares of the specialty chemicals company’s stock valued at $4,772,000 after purchasing an additional 12,850 shares during the period. Empowered Funds LLC grew its stake in Cabot by 14.9% in the first quarter. Empowered Funds LLC now owns 39,441 shares of the specialty chemicals company’s stock worth $2,970,000 after purchasing an additional 5,107 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Cabot by 33.7% in the first quarter. Quantinno Capital Management LP now owns 21,278 shares of the specialty chemicals company’s stock worth $1,603,000 after purchasing an additional 5,362 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

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.