Elo Mutual Pension Insurance Co Acquires New Holdings in Cabot Corporation $CBT

Elo Mutual Pension Insurance Co purchased a new position in shares of Cabot Corporation (NYSE:CBT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,677 shares of the specialty chemicals company’s stock, valued at approximately $1,040,000.

Several other institutional investors have also added to or reduced their stakes in CBT. Smartleaf Asset Management LLC lifted its position in shares of Cabot by 598.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 349 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 299 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Cabot in the 2nd quarter valued at about $28,000. Parkside Financial Bank & Trust grew its stake in Cabot by 95.5% in the second quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 189 shares during the period. Hantz Financial Services Inc. grew its position in Cabot by 227.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 429 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 298 shares during the period. Finally, 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 acquiring an additional 364 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBT has been the subject of several recent research reports. Zacks Research upgraded Cabot from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. UBS Group raised their price target on shares of Cabot from $74.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Mizuho set a $75.00 target price on shares of Cabot and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cabot in a report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $85.00 price objective on shares of Cabot in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.75.

Cabot Price Performance

Cabot stock opened at $74.17 on Friday. The business has a 50-day simple moving average of $72.81 and a 200 day simple moving average of $71.55. Cabot Corporation has a 52 week low of $58.33 and a 52 week high of $89.15. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 9.87 and a beta of 0.86. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.49.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The firm had revenue of $849.00 million during the quarter, compared to the consensus estimate of $889.11 million. Cabot had a return on equity of 22.82% and a net margin of 8.62%.The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. On average, research analysts forecast that Cabot Corporation will post 7.57 earnings per share for the current fiscal year.

Cabot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Cabot’s dividend payout ratio is presently 31.52%.

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.