First Trust Advisors LP Buys 54,571 Shares of Cabot Corporation $CBT

First Trust Advisors LP raised its stake in shares of Cabot Corporation (NYSE:CBT) by 58.0% in the first quarter, Holdings Channel reports. The institutional investor owned 148,603 shares of the specialty chemicals company’s stock after buying an additional 54,571 shares during the quarter. First Trust Advisors LP’s holdings in Cabot were worth $11,191,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CBT. Torren Management LLC purchased a new position in shares of Cabot in the 4th quarter worth about $26,000. Rothschild Investment LLC grew its position in Cabot by 170.4% during the 4th quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. Global Retirement Partners LLC grew its position in Cabot by 1,606.9% during the 4th quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 466 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Cabot by 409.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Cabot in the third quarter worth about $38,000. 93.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBT shares. Truist Financial assumed coverage on shares of Cabot in a research note on Monday, June 8th. They issued a “buy” rating and a $98.00 target price on the stock. Wall Street Zen lowered shares of Cabot from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho upped their price objective on Cabot from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. increased their target price on Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Finally, UBS Group lifted their target price on Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cabot presently has a consensus rating of “Hold” and a consensus price target of $85.80.

Cabot Stock Performance

Shares of NYSE CBT opened at $88.11 on Friday. The firm’s 50-day moving average price is $87.89 and its 200-day moving average price is $79.39. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.55 billion, a PE ratio of 16.66, a PEG ratio of 11.48 and a beta of 0.83. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $94.53.

Cabot (NYSE:CBT) last released its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.14. The firm had revenue of $904.00 million during the quarter, compared to analysts’ expectations of $900.30 million. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, analysts anticipate that Cabot Corporation will post 6.35 EPS for the current year.

Cabot Announces Dividend

The business also recently announced 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 is Friday, August 28th. This represents a $1.89 dividend on an annualized basis and a yield of 2.1%. Cabot’s payout ratio is currently 35.73%.

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.