Oppenheimer Asset Management Inc. Invests $4.53 Million in Cabot Corporation $CBT

Oppenheimer Asset Management Inc. purchased a new position in Cabot Corporation (NYSE:CBT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 49,852 shares of the specialty chemicals company’s stock, valued at approximately $4,528,000.

A number of other hedge funds also recently bought and sold shares of CBT. Fuller & Thaler Asset Management Inc. grew its position in Cabot by 5.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,343,322 shares of the specialty chemicals company’s stock valued at $155,315,000 after purchasing an additional 124,613 shares during the last quarter. State Street Corp increased its stake in Cabot by 1.0% during the 4th quarter. State Street Corp now owns 2,025,589 shares of the specialty chemicals company’s stock valued at $134,256,000 after purchasing an additional 20,021 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Cabot by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,742,782 shares of the specialty chemicals company’s stock worth $131,253,000 after buying an additional 79,499 shares during the last quarter. Bank of America Corp DE raised its holdings in Cabot by 3.9% in the third quarter. Bank of America Corp DE now owns 1,683,520 shares of the specialty chemicals company’s stock worth $128,032,000 after buying an additional 63,080 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Cabot by 6.5% in the first quarter. Sei Investments Co. now owns 1,051,578 shares of the specialty chemicals company’s stock worth $79,194,000 after buying an additional 64,122 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CBT. UBS Group cut their price target on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Mizuho boosted their price objective on shares of Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upped their price objective on Cabot from $70.00 to $78.00 and gave the company an “underweight” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cabot presently has an average rating of “Hold” and a consensus target price of $89.00.

Cabot Stock Up 1.8%

CBT opened at $87.82 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. Cabot Corporation has a 1-year low of $58.33 and a 1-year high of $94.53. The company has a market capitalization of $4.53 billion, a PE ratio of 24.74, a PEG ratio of 11.47 and a beta of 0.84. The firm’s 50 day simple moving average is $88.12 and its two-hundred day simple moving average is $80.40.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. The firm had revenue of $982.00 million during the quarter, compared to the consensus estimate of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts forecast that Cabot Corporation will post 6.33 EPS for the current year.

Cabot Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.4725 per share. The ex-dividend date is Friday, August 28th. This represents a $1.89 annualized dividend and a yield of 2.2%. Cabot’s payout ratio is 53.24%.

Insider Transactions at Cabot

In other Cabot news, CEO Sean D. Keohane sold 91,923 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $86.41, for a total transaction of $7,943,066.43. Following the completion of the sale, the chief executive officer owned 404,134 shares of the company’s stock, valued at approximately $34,921,218.94. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.08% of the company’s stock.

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.