Cabot Corporation $CBT Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in Cabot Corporation (NYSE:CBT) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,552 shares of the specialty chemicals company’s stock after purchasing an additional 6,372 shares during the quarter. Intech Investment Management LLC’s holdings in Cabot were worth $1,760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC increased its holdings in shares of Cabot by 125.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 7,645 shares of the specialty chemicals company’s stock valued at $507,000 after purchasing an additional 4,259 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Cabot by 131.0% in the fourth quarter. Hantz Financial Services Inc. now owns 991 shares of the specialty chemicals company’s stock valued at $66,000 after purchasing an additional 562 shares during the last quarter. Jefferies Financial Group Inc. increased its holdings in shares of Cabot by 255.9% in the fourth quarter. Jefferies Financial Group Inc. now owns 36,570 shares of the specialty chemicals company’s stock valued at $2,424,000 after purchasing an additional 26,294 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of Cabot in the fourth quarter valued at approximately $672,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Cabot by 1,606.9% in the fourth 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. Institutional investors and hedge funds own 93.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CBT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. UBS Group increased their price target on Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. Finally, Mizuho raised their target price on Cabot from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $80.25.

Cabot Price Performance

CBT stock opened at $83.31 on Friday. The business has a fifty day moving average of $78.94 and a two-hundred day moving average of $72.94. 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 market cap of $4.30 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 11.25 and a beta of 0.82. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $89.46.

Cabot (NYSE:CBT) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.14. The company had revenue of $904.00 million during the quarter, compared to analysts’ expectations of $900.31 million. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, research analysts anticipate that Cabot Corporation will post 6.32 earnings per share for the current year.

Cabot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 2.3%. This is a positive change from Cabot’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, May 29th. Cabot’s payout ratio is 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.