Cabot Corporation (NYSE:CBT) is expected to pay $0.30 on Dec 9, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Cabot Corporation’s current price of $51.85, the dividend is 0.58%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.15% or $0.08 on November 18, hitting $51.85. Cabot Corp (NYSE:CBT) has risen 4.73% since April 19, 2016 and is uptrending. It has outperformed by 0.87% the S&P500.
Cabot Corporation is a global specialty chemicals and performance materials company. The company has a market cap of $3.29 billion. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. It has a 22.03 P/E ratio. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids.
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.15, from 1.09 in 2016Q1. The ratio is negative, as 24 funds sold all Cabot Corp shares owned while 84 reduced positions. 22 funds bought stakes while 96 increased positions. They now own 52.28 million shares or 0.87% less from 52.74 million shares in 2016Q1.
Ibm Retirement Fund holds 6,172 shares or 0.01% of its portfolio. Icon Advisers last reported 0.02% of its portfolio in the stock. Blackrock Gru Ltd holds 0% or 48,086 shares in its portfolio. Counselors Incorporated holds 16,611 shares or 0.05% of its portfolio. Credit Suisse Ag has 0% invested in the company for 96,226 shares. Meeder Asset accumulated 0.01% or 3,381 shares. Wfg Limited Partnership holds 0% or 11 shares in its portfolio. Patten Gp Incorporated holds 6,975 shares or 0% of its portfolio. Putnam Invs has 0.01% invested in the company for 86,470 shares. Sg Americas Limited Liability Company accumulated 0.01% or 33,522 shares. Hutchin Hill Cap Ltd Partnership owns 30,100 shares or 0.05% of their US portfolio. Evercore Wealth Mngmt Ltd Llc owns 79,275 shares or 0.16% of their US portfolio. Earnest Limited Liability Corporation has invested 0.6% of its portfolio in Cabot Corp (NYSE:CBT). Geode Capital Management Ltd Limited Liability Company has invested 0.01% of its portfolio in Cabot Corp (NYSE:CBT). Patten & Patten Tn holds 0.17% of its portfolio in Cabot Corp (NYSE:CBT) for 27,493 shares.
Insider Transactions: Since July 12, 2016, the stock had 0 insider buys, and 10 sales for $9.72 million net activity. $127,375 worth of Cabot Corp (NYSE:CBT) was sold by Kelly James Patrick. von Gottberg Friedrich sold $998,181 worth of stock. Prevost Patrick M. sold $110,468 worth of Cabot Corp (NYSE:CBT) on Monday, August 22. 21,584 shares were sold by Cross Nicholas S., worth $1.09M on Monday, August 29. Shares for $1.35M were sold by CORDEIRO EDUARDO E on Tuesday, August 23. $822,765 worth of Cabot Corp (NYSE:CBT) shares were sold by BERUBE BRIAN A.
Cabot Corp (NYSE:CBT) Ratings Coverage
Out of 6 analysts covering Cabot (NYSE:CBT), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Cabot has been the topic of 9 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of CBT in a report on Friday, August 12 with “Hold” rating. The stock has “Buy” rating given by Deutsche Bank on Wednesday, November 11. The rating was upgraded by Zacks to “Sell” on Tuesday, September 1. On Thursday, August 13 the stock rating was maintained by Deutsche Bank with “Hold”. The company was downgraded on Monday, March 14 by JP Morgan. The firm has “Sector Weight” rating given on Monday, April 11 by KeyBanc Capital Markets. SunTrust downgraded the shares of CBT in a report on Tuesday, August 2 to “Neutral” rating. The firm earned “Buy” rating on Thursday, December 10 by BB&T Capital.
More recent Cabot Corp (NYSE:CBT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cabot, Schweitzer-Mauduit International and Oceaneering …” on November 18, 2016. Also Zacks.com published the news titled: “Cabot Corp. (CBT): Stock Poised to Beat Earnings in Q4?” on October 28, 2016. Businesswire.com‘s news article titled: “Cabot Corporation Announces Joint Venture with Inner Mongolia Hengyecheng …” with publication date: September 12, 2016 was also an interesting one.
CBT Company Profile
Cabot Corporation (Cabot), incorporated on July 14, 1960, is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids. It operates in three geographic regions: Americas Region; Europe, the Middle East and Africa (EMEA) Region, and Asia Pacific Region. Cabot and its affiliates have manufacturing facilities and activities in the United States and over 20 other countries. It focuses on creating particles with the composition, morphology, surface functionalities and formulations.
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