Cabot Corporation $CBT Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Cabot Corporation (NYSE:CBT) by 6.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,368 shares of the specialty chemicals company’s stock after buying an additional 10,765 shares during the period. Principal Financial Group Inc.’s holdings in Cabot were worth $13,358,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Torren Management LLC acquired a new position in shares of Cabot during the fourth quarter valued at approximately $26,000. Rothschild Investment LLC boosted its stake in shares of Cabot by 170.4% in the fourth quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 259 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Cabot by 409.0% during the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 364 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Cabot by 1,606.9% during the fourth quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 466 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Cabot in the 3rd quarter valued at $38,000. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CBT. UBS Group lifted their target price on shares of Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Mizuho increased their target price 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 upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. upped their price objective on shares of Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.80.

Cabot Stock Up 1.2%

Shares of CBT opened at $90.15 on Friday. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $94.53. 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 stock has a fifty day simple moving average of $86.94 and a two-hundred day simple moving average of $78.73. The company has a market capitalization of $4.65 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 11.60 and a beta of 0.83.

Cabot (NYSE:CBT) last announced its quarterly earnings results 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. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The firm had revenue of $904.00 million for the quarter, compared to analysts’ expectations of $900.30 million. During the same quarter in the previous year, the company posted $1.90 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities analysts forecast that Cabot Corporation will post 6.35 EPS for the current year.

Cabot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.4725 dividend. This represents a $1.89 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 28th. Cabot’s payout ratio is presently 35.73%.

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.