2,920 Shares in Cabot Co. (NYSE:CBT) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of Cabot Co. (NYSE:CBT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,920 shares of the specialty chemicals company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Cabot by 60.6% during the 2nd quarter. CWM LLC now owns 416 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 157 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Cabot during the second quarter valued at $49,000. Mather Group LLC. purchased a new stake in shares of Cabot in the second quarter valued at $58,000. nVerses Capital LLC bought a new stake in shares of Cabot in the 2nd quarter worth about $64,000. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Cabot by 17.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 833 shares of the specialty chemicals company’s stock worth $77,000 after purchasing an additional 124 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBT. StockNews.com downgraded shares of Cabot from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 24th. UBS Group decreased their price target on Cabot from $103.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on Cabot from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $101.75.

Insider Buying and Selling at Cabot

In other news, EVP Jeff Ji Zhu sold 1,201 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $106.19, for a total value of $127,534.19. Following the completion of the sale, the executive vice president now owns 96,000 shares of the company’s stock, valued at approximately $10,194,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Erica Mclaughlin sold 16,390 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $104.24, for a total value of $1,708,493.60. Following the completion of the transaction, the chief financial officer now directly owns 59,814 shares of the company’s stock, valued at approximately $6,235,011.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jeff Ji Zhu sold 1,201 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $106.19, for a total value of $127,534.19. Following the sale, the executive vice president now directly owns 96,000 shares in the company, valued at approximately $10,194,240. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,939 shares of company stock valued at $7,308,812. Company insiders own 3.07% of the company’s stock.

Cabot Price Performance

Shares of CBT stock opened at $110.83 on Friday. The company’s 50-day simple moving average is $101.37 and its two-hundred day simple moving average is $97.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.22 and a quick ratio of 1.45. Cabot Co. has a one year low of $65.10 and a one year high of $113.12. The company has a market capitalization of $6.12 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.01 and a beta of 1.19.

Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. Cabot had a return on equity of 26.99% and a net margin of 12.05%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $1.42 EPS. Cabot’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Cabot Co. will post 7.07 EPS for the current year.

Cabot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Friday, August 30th. Cabot’s dividend payout ratio (DPR) is presently 21.77%.

Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.