Sanctuary Advisors LLC Acquires Shares of 10,242 Cabot Corporation $CBT

Sanctuary Advisors LLC bought a new stake in shares of Cabot Corporation (NYSE:CBT) in the 2nd quarter, Holdings Channel reports. The fund bought 10,242 shares of the specialty chemicals company’s stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Cabot in the second quarter worth about $33,000. Evolve Private Wealth LLC purchased a new position in Cabot in the second quarter valued at about $264,000. William Blair Investment Management LLC purchased a new stake in Cabot during the 2nd quarter worth approximately $16,809,000. Allworth Financial LP purchased a new stake in Cabot during the 2nd quarter worth approximately $145,000. Finally, Advisors Capital Management LLC acquired a new position in shares of Cabot in the 2nd quarter valued at approximately $267,000. 93.18% of the stock is owned by hedge funds and other institutional investors.

Cabot Price Performance

Shares of NYSE CBT opened at $84.58 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 11.11 and a beta of 0.84. Cabot Corporation has a twelve month low of $58.33 and a twelve month high of $94.53. The business has a 50 day simple moving average of $87.77 and a 200-day simple moving average of $81.18.

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

Cabot Dividend Announcement

The firm 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 $0.4725 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.89 annualized dividend and a dividend yield of 2.2%. Cabot’s payout ratio is 53.24%.

Insider Buying and Selling at Cabot

In related news, CEO Sean D. Keohane sold 2,779 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $85.50, for a total transaction of $237,604.50. Following the completion of the sale, the chief executive officer owned 288,873 shares of the company’s stock, valued at $24,698,641.50. This represents a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on CBT. JPMorgan Chase & Co. increased their target price on Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Cabot from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Truist Financial set a $100.00 price objective on shares of Cabot in a research note on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a report on Friday, August 21st. Finally, UBS Group dropped their target price on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.00.

Cabot 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.