Bank of Montreal Can Sells 955 Shares of Cabot Corporation $CBT

Bank of Montreal Can cut its stake in shares of Cabot Corporation (NYSE:CBT) by 9.2% in the second quarter, Holdings Channel reports. The firm owned 9,468 shares of the specialty chemicals company’s stock after selling 955 shares during the quarter. Bank of Montreal Can’s holdings in Cabot were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keeley Teton Advisors LLC increased its stake in shares of Cabot by 1.0% in the 1st quarter. Keeley Teton Advisors LLC now owns 16,756 shares of the specialty chemicals company’s stock valued at $1,393,000 after acquiring an additional 174 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Cabot by 4.2% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 5,000 shares of the specialty chemicals company’s stock valued at $375,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its holdings in Cabot by 12.3% in the second quarter. GAMMA Investing LLC now owns 1,909 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 209 shares during the period. CWM LLC boosted its position in shares of Cabot by 55.0% during the first quarter. CWM LLC now owns 600 shares of the specialty chemicals company’s stock worth $50,000 after purchasing an additional 213 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of Cabot by 1.0% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 23,601 shares of the specialty chemicals company’s stock valued at $1,962,000 after buying an additional 236 shares during the period. Institutional investors own 93.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Mizuho dropped their price objective on Cabot from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a report on Wednesday, October 8th. UBS Group lowered their target price on Cabot from $82.00 to $65.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research lowered shares of Cabot from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $79.33.

Cabot Stock Performance

Shares of CBT stock opened at $61.54 on Monday. Cabot Corporation has a 12 month low of $58.99 and a 12 month high of $115.16. The company’s fifty day simple moving average is $71.50 and its 200-day simple moving average is $74.89. The firm has a market cap of $3.27 billion, a PE ratio of 8.04 and a beta of 0.90. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.72 by ($0.02). Cabot had a net margin of 11.14% and a return on equity of 25.68%. The business had revenue of $899.00 million during the quarter, compared to analyst estimates of $967.02 million. During the same quarter in the previous year, the firm posted $1.80 earnings per share. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. Equities research analysts expect that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.80 annualized dividend and a yield of 2.9%. Cabot’s dividend payout ratio is 29.95%.

Cabot Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.