Geode Capital Management LLC Has $88.24 Million Holdings in Cabot Corporation $CBT

Geode Capital Management LLC cut its position in shares of Cabot Corporation (NYSE:CBT) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,331,061 shares of the specialty chemicals company’s stock after selling 8,982 shares during the quarter. Geode Capital Management LLC’s holdings in Cabot were worth $88,237,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC increased its position in shares of Cabot by 125.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 7,645 shares of the specialty chemicals company’s stock worth $507,000 after buying an additional 4,259 shares during the period. Hantz Financial Services Inc. increased its position in shares of Cabot by 131.0% during the fourth quarter. Hantz Financial Services Inc. now owns 991 shares of the specialty chemicals company’s stock worth $66,000 after buying an additional 562 shares during the period. Jefferies Financial Group Inc. increased its position in shares of Cabot by 255.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 36,570 shares of the specialty chemicals company’s stock worth $2,424,000 after buying an additional 26,294 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Cabot during the fourth quarter worth $672,000. Finally, 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 buying an additional 466 shares during the period. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CBT has been the subject of several recent analyst reports. Wall Street Zen cut shares of Cabot from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group increased their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Mizuho increased their target price on shares of Cabot from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.25.

Cabot Stock Down 0.0%

Shares of NYSE CBT opened at $80.86 on Monday. The firm has a market cap of $4.17 billion, a PE ratio of 15.28, a P/E/G ratio of 10.67 and a beta of 0.82. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $89.46. The company’s fifty day simple moving average is $79.11 and its 200 day simple moving average is $73.09. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

Cabot (NYSE:CBT) last issued 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 business had revenue of $904.00 million for the quarter, compared to analyst estimates of $900.31 million. Cabot had a net margin of 7.97% and a return on equity of 21.33%. Cabot’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior 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, sell-side analysts forecast that Cabot Corporation will post 6.32 earnings per share for the current fiscal year.

Cabot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend 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.