Cabot (NYSE:CBT) Reaches New 1-Year High – Still a Buy?

Cabot Corporation (NYSE:CBT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.54 and last traded at $86.0610, with a volume of 46775 shares traded. The stock had previously closed at $86.12.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CBT shares. Wall Street Zen upgraded shares of Cabot from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. UBS Group boosted their price target on shares of Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $85.00 price target on shares of Cabot in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cabot presently has a consensus rating of “Hold” and an average target price of $80.25.

Cabot Stock Up 1.6%

The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $76.83 and its 200-day moving average is $71.89. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 11.09 and a beta of 0.78.

Cabot (NYSE:CBT) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The company had revenue of $904.00 million for the quarter, compared to the consensus estimate of $900.31 million. During the same quarter in the previous year, the company earned $1.90 EPS. Cabot’s quarterly 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. On average, analysts anticipate that Cabot Corporation will post 6.32 earnings per share for the current fiscal year.

Cabot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. This is a boost from Cabot’s previous quarterly dividend of $0.45. Cabot’s dividend payout ratio is presently 34.03%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Cabot by 15.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,202 shares of the specialty chemicals company’s stock valued at $80,000 after acquiring an additional 160 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Cabot by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,298 shares of the specialty chemicals company’s stock valued at $417,000 after acquiring an additional 161 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Cabot by 9.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,873 shares of the specialty chemicals company’s stock valued at $124,000 after acquiring an additional 164 shares during the period. Parallel Advisors LLC lifted its position in shares of Cabot by 10.5% during the 1st quarter. Parallel Advisors LLC now owns 1,843 shares of the specialty chemicals company’s stock valued at $139,000 after acquiring an additional 175 shares during the period. Finally, Gabelli Funds LLC increased its stake in Cabot by 1.3% during the 3rd quarter. Gabelli Funds LLC now owns 13,570 shares of the specialty chemicals company’s stock valued at $1,032,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

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.