Cabot Corporation operates as a specialty chemicals and performance materials company. It operates through three segments: Reinforcement Materials, Performance Chemicals, and Purification Solutions. The company offers rubber grade carbon blacks 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. It also provides specialty grades of carbon black used in inks, coatings, plastics, adhesives, toners, batteries, and displays applications; masterbatch and conductive compound products for use in automotive, industrial, packaging, infrastructure, agriculture, consumer products, and electronics industries; inkjet colorants used in the inkjet printing applications; fumed silica used in adhesives, sealants, cosmetics, batteries, inks, toners, silicone elastomers, coatings, polishing slurries, and pharmaceuticals; fumed alumina used in various products, including inkjet media, lighting, coatings, cosmetics, and polishing slurries; and aerogel, a hydrophobic, silica-based particle for use in various thermal insulation and specialty chemical applications. In addition, the company offers activated carbon products used for the purification of water, air, food and beverages, pharmaceuticals, and other liquids and gases; and activated carbon solutions for activated carbon injection in coal-fired utilities, mobile water filter units, and carbon reactivation services. The company sells its products through distributors and sales representatives in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cabot Corporation was founded in 1882 and is headquartered in Boston, Massachusetts.
IPO Year:
Exchange: NYSE
Website: cabotcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $105.00 | Neutral → Underweight | JP Morgan |
| 4/18/2024 | Buy → Hold | Deutsche Bank | |
| 3/27/2024 | $104.00 | Buy | Mizuho |
| 1/8/2024 | $90.00 → $87.00 | Buy → Neutral | UBS |
| 6/6/2023 | $87.00 → $80.00 | Overweight → Neutral | JP Morgan |
| 3/13/2023 | $94.00 | Outperform | Credit Suisse |
| 11/16/2022 | $80.00 → $90.00 | Hold → Buy | Deutsche Bank |
| 1/4/2022 | $75.00 → $70.00 | Buy | UBS |
| 12/3/2021 | $70.00 → $72.00 | Overweight | Barclays |
| 7/23/2021 | $62.00 | Neutral → Overweight | JP Morgan |
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On Friday, November 8, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.43 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on December 13, 2024, to stockholders of record at the close of business on November 29, 2024. About Cabot Corporation Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For mo
Fourth Quarter 2024 Diluted earnings per share ("EPS") of $2.43 and Adjusted EPS of $1.80 Fiscal Year 2024 Diluted EPS of $6.72 and Adjusted EPS of $7.06 Cabot Corporation (NYSE:CBT) today announced results for its fourth quarter and fiscal year 2024. Fiscal Year Highlights Fiscal year Diluted EPS of $6.72 and Adjusted EPS of $7.06, which represents a 31% increase in Adjusted EPS year over year, driven by EBIT growth in both segments Fiscal year segment EBIT increased 11% in Reinforcement Materials and 31% in Performance Chemicals year-over-year Fiscal year 2024 Cash Flows from Operations of $692 million enabled capital investments of $241 million and the payment of $93 million in d
Cabot Corporation (NYSE:CBT) announced today that it will release operating results for the fourth quarter of fiscal 2024 on Monday, November 4, 2024, after market close. The Company will host a conference call and live webcast to review the fourth quarter results beginning at 8:00 am (ET) on Tuesday, November 5, 2024. The call will be webcast by Notified and may be accessed at Cabot's website at https://cabotog.gcs-web.com/. If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company's website at https://cabotog.gcs-web.com/. ABOUT CABOT CORPORATION Cabot Corporation (NYSE:CBT) is a global specialty chemicals and
Diluted earnings per share ("EPS") of $1.94 and Adjusted EPS of $1.92 Cabot Corporation (NYSE:CBT) today announced results for its third quarter of fiscal year 2024. Key Highlights Diluted EPS of $1.94 and Adjusted EPS of $1.92, which represents a 35% increase in Adjusted EPS as compared to the same quarter in the prior year Reinforcement Materials segment EBIT of $136 million; up 3% year-over-year Performance Chemicals segment EBIT of $55 million; up 72% compared to the same quarter in the prior year Cash Flows from Operations of $207 million in the third fiscal quarter supported the return of $73 million of cash to shareholders in the quarter Awarded platinum rating
Cabot Corporation (NYSE:CBT) announced today that it will release operating results for the third quarter of fiscal 2024 on Monday, August 5, 2024, after market close. The Company will host a conference call and live webcast to review the third quarter results beginning at 8:00 am (ET) on Tuesday, August 6, 2024. The call will be webcast by Notified and may be accessed at Cabot's website at https://cabotog.gcs-web.com/. If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company's website at https://cabotog.gcs-web.com/. ABOUT CABOT CORPORATION Cabot Corporation (NYSE:CBT) is a global specialty chemicals and pe
On Friday, July 12, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.43 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on September 13, 2024, to stockholders of record at the close of business on August 30, 2024. About Cabot Corporation Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For more
Diluted earnings per share ("EPS") of $1.49 and Adjusted EPS of $1.78 Cabot Corporation (NYSE:CBT) today announced results for its second quarter of fiscal year 2024. Key Highlights Diluted EPS of $1.49 and adjusted EPS of $1.78, which represents a 34% increase in Adjusted EPS as compared to the same quarter in the prior year Reinforcement Materials segment EBIT of $149 million; up 22% compared to the same quarter in the prior year Performance Chemicals segment EBIT of $31 million; up 11% compared to the same quarter in the prior year Cash Flows from Operations of $176 million in the second fiscal quarter supported the return of $47 million of cash to shareholders in the qua
On Monday, May 6, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.43 per share, an increase of 8% compared to the current quarterly dividend of $0.40 per share, on all outstanding shares of the Corporation's common stock. The dividend is payable on June 14, 2024, to stockholders of record at the close of business on May 31, 2024. "Since 1968, we have remained committed to a continuous and growing dividend," said Sean Keohane, President, and Chief Executive Officer of Cabot Corporation. "The dividend increase reflects our positive long-term view on our underlying business fundamentals and the Board's confidence in our ability to generate str
Cabot Corporation (NYSE:CBT) announced today that it will release operating results for the second quarter of fiscal 2024 on Monday, May 6, 2024, after market close. The Company will host a conference call and live webcast to review the second quarter results beginning at 8:00 am (ET) on Tuesday, May 7, 2024. The call will be webcast by Notified and may be accessed at Cabot's website at https://cabotog.gcs-web.com/. If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company's website at https://cabotog.gcs-web.com/. ABOUT CABOT CORPORATION Cabot Corporation (NYSE:CBT) is a global specialty chemicals and perfor
Diluted earnings per share ("EPS") of $0.88 and Adjusted EPS of $1.56 Cabot Corporation (NYSE:CBT) today announced results for its first quarter of fiscal year 2024. Key Highlights Reinforcement Materials segment EBIT of $129 million; up 37% compared to the same quarter in the prior year Performance Chemicals segment EBIT of $34 million; up 17% year over year Finalized calendar year 2024 Reinforcement Materials customer agreements with price and product mix improvements in all regions Cash Flows from Operations of $105 million in the fiscal first quarter supported the return of $55 million of cash to shareholders in the quarter through $22 million in dividends and $33 millio
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JP Morgan downgraded Cabot from Neutral to Underweight and set a new price target of $105.00
Deutsche Bank downgraded Cabot from Buy to Hold
Mizuho initiated coverage of Cabot with a rating of Buy and set a new price target of $104.00
UBS downgraded Cabot from Buy to Neutral and set a new price target of $87.00 from $90.00 previously
JP Morgan downgraded Cabot from Overweight to Neutral and set a new price target of $80.00 from $87.00 previously
Credit Suisse initiated coverage of Cabot with a rating of Outperform and set a new price target of $94.00
Deutsche Bank upgraded Cabot from Hold to Buy and set a new price target of $90.00 from $80.00 previously
UBS reiterated coverage of Cabot with a rating of Buy and set a new price target of $70.00 from $75.00 previously
Barclays reiterated coverage of Cabot with a rating of Overweight and set a new price target of $72.00 from $70.00 previously
JP Morgan upgraded Cabot from Neutral to Overweight and set a new price target of $62.00
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On Friday, November 8, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.43 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on December 13, 2024, to stockholders of record at the close of business on November 29, 2024. About Cabot Corporation Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For mo
Fourth Quarter 2024 Diluted earnings per share ("EPS") of $2.43 and Adjusted EPS of $1.80 Fiscal Year 2024 Diluted EPS of $6.72 and Adjusted EPS of $7.06 Cabot Corporation (NYSE:CBT) today announced results for its fourth quarter and fiscal year 2024. Fiscal Year Highlights Fiscal year Diluted EPS of $6.72 and Adjusted EPS of $7.06, which represents a 31% increase in Adjusted EPS year over year, driven by EBIT growth in both segments Fiscal year segment EBIT increased 11% in Reinforcement Materials and 31% in Performance Chemicals year-over-year Fiscal year 2024 Cash Flows from Operations of $692 million enabled capital investments of $241 million and the payment of $93 million in d
Cabot Corporation (NYSE:CBT) announced today that it will host an Investor Day for institutional investors and financial analysts on Wednesday, December 4, 2024, at 9:00 a.m. Eastern Time. Sean D. Keohane, President and CEO, and members of the executive management team will provide insights into the Company's strategy, key growth initiatives, sustainability leadership, and the next set of long-term financial targets strategies. The event will take place at The Westin Boston Seaport District in Boston, Massachusetts and will also be available virtually. To register for in-person or virtual attendance, please use the following link: Register for 2024 Investor Day. A live webcast, including
Cabot Corporation (NYSE:CBT) announced today that it will release operating results for the fourth quarter of fiscal 2024 on Monday, November 4, 2024, after market close. The Company will host a conference call and live webcast to review the fourth quarter results beginning at 8:00 am (ET) on Tuesday, November 5, 2024. The call will be webcast by Notified and may be accessed at Cabot's website at https://cabotog.gcs-web.com/. If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company's website at https://cabotog.gcs-web.com/. ABOUT CABOT CORPORATION Cabot Corporation (NYSE:CBT) is a global specialty chemicals and
First-Ever Commercial-Scale Carbon Nanotube and Conductive Additive Dispersions Facility in the U.S. for Batteries Cabot Corporation (NYSE:CBT), a global specialty chemicals and performance materials company, announced it has been selected for an award negotiation of up to $50 million by the U.S. Department of Energy's (DOE) Office of Manufacturing and Energy Supply Chains. This grant, part of the Bipartisan Infrastructure Law, will support Cabot's development of a new U.S.-based manufacturing facility to produce battery-grade carbon nanotubes (CNTs) and conductive additive dispersions at commercial scale. These materials are critical to the domestic lithium-ion battery supply chain for el
Diluted earnings per share ("EPS") of $1.94 and Adjusted EPS of $1.92 Cabot Corporation (NYSE:CBT) today announced results for its third quarter of fiscal year 2024. Key Highlights Diluted EPS of $1.94 and Adjusted EPS of $1.92, which represents a 35% increase in Adjusted EPS as compared to the same quarter in the prior year Reinforcement Materials segment EBIT of $136 million; up 3% year-over-year Performance Chemicals segment EBIT of $55 million; up 72% compared to the same quarter in the prior year Cash Flows from Operations of $207 million in the third fiscal quarter supported the return of $73 million of cash to shareholders in the quarter Awarded platinum rating
Cabot Corporation (NYSE:CBT) announced today that it will release operating results for the third quarter of fiscal 2024 on Monday, August 5, 2024, after market close. The Company will host a conference call and live webcast to review the third quarter results beginning at 8:00 am (ET) on Tuesday, August 6, 2024. The call will be webcast by Notified and may be accessed at Cabot's website at https://cabotog.gcs-web.com/. If you are unable to participate during the live webcast, the call and accompanying slide presentation will be archived on the Company's website at https://cabotog.gcs-web.com/. ABOUT CABOT CORPORATION Cabot Corporation (NYSE:CBT) is a global specialty chemicals and pe
Cabot Corporation (NYSE:CBT) announced today that Thierry Vanlancker has been elected to its Board of Directors, effective July 12, 2024. He was also appointed a member of the Audit Committee of the Board of Directors, effective July 12, 2024. Prior to his retirement, Mr. Vanlancker was Chief Executive Officer and a Director of AkzoNobel NV, a multinational paints and coatings company, from 2017 to 2022. Prior to joining AkzoNobel, Mr. Vanlancker was President of Fluoroproducts and the EMEA region at The Chemours Company, a global provider of performance chemicals, from 2015 to 2016, and from 1988 to 2015 held various positions within the chemicals company Dupont. Mr. Vanlancker has been a
On Friday, July 12, 2024, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.43 per share on all outstanding shares of the Corporation's common stock. The dividend is payable on September 13, 2024, to stockholders of record at the close of business on August 30, 2024. About Cabot Corporation Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For more
19 Carbon Black Facilities Across Global Network Receive Safety Awards Cabot Corporation (NYSE:CBT) today announced that 19 of its 20 carbon black manufacturing sites have been recognized by the International Carbon Black Association's (ICBA) Safety Performance Recognition Program. Across the company's global network, 18 of its carbon black facilities received the gold award, the highest recognition available, and one received the bronze award for their outstanding safety performance in 2023. For the industry overall, a total of 35 ICBA member manufacturing facilities were recognized for above average safety performance, with Cabot achieving over half of all awards granted as well as the
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Cabot (NYSE:CBT) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 0 2 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Cabot and provided 12-month price targets. The average target is $102.75, accompanied by a high estimate of $109.00 and a low estimate of $95.00. Observing a 5.57% increase, the current avera
UBS analyst Joshua Spector maintains Cabot (NYSE:CBT) with a Neutral and raises the price target from $100 to $103.
Mizuho analyst John Roberts maintains Cabot (NYSE:CBT) with a Buy and raises the price target from $104 to $109.
Cabot (NYSE:CBT) reported quarterly earnings of $1.78 per share which beat the analyst consensus estimate of $1.66 by 7.23 percent. The company reported quarterly sales of $1.02 billion which missed the analyst consensus estimate of $1.05 billion by 2.49 percent. This is a 1.36 percent decrease over sales of $1.03 billion the same period last year.
Deutsche Bank analyst David Begleiter downgrades Cabot (NYSE:CBT) from Buy to Hold and raises the price target from $88 to $95.
Grant will support development of innovative, scalable manufacturing processes for producing carbon catalyst supports for fuel cells
Mizuho analyst John Roberts initiates coverage on Cabot (NYSE:CBT) with a Buy rating and announces Price Target of $104.
Cabot Corporation (NYSE:CBT) announced today that Thierry Vanlancker has been elected to its Board of Directors, effective July 12, 2024. He was also appointed a member of the Audit Committee of the Board of Directors, effective July 12, 2024. Prior to his retirement, Mr. Vanlancker was Chief Executive Officer and a Director of AkzoNobel NV, a multinational paints and coatings company, from 2017 to 2022. Prior to joining AkzoNobel, Mr. Vanlancker was President of Fluoroproducts and the EMEA region at The Chemours Company, a global provider of performance chemicals, from 2015 to 2016, and from 1988 to 2015 held various positions within the chemicals company Dupont. Mr. Vanlancker has been a
19 Carbon Black Facilities Across Global Network Receive Safety Awards Cabot Corporation (NYSE:CBT) today announced that 19 of its 20 carbon black manufacturing sites have been recognized by the International Carbon Black Association's (ICBA) Safety Performance Recognition Program. Across the company's global network, 18 of its carbon black facilities received the gold award, the highest recognition available, and one received the bronze award for their outstanding safety performance in 2023. For the industry overall, a total of 35 ICBA member manufacturing facilities were recognized for above average safety performance, with Cabot achieving over half of all awards granted as well as the
Cabot Corporation (NYSE:CBT) announced today that Michelle Williams, Ph.D., has been elected to its Board of Directors, effective September 13, 2023. She was also appointed a member of the Audit Committee of the Board of Directors, effective September 13, 2023. Prior to her retirement in 2021, Dr. Williams was Global Group President of Altuglas International, a manufacturer of polymethyl methacrylate (PMMA) and a subsidiary of Arkema S.A., a manufacturer of specialty chemicals and advanced materials. Dr. Williams has been a Director of Brady Corporation, a manufacturer and supplier of identification solutions and workplace safety products, since 2019, where she serves as Chair of the Techno
18 Carbon Black Facilities in Company's Global Network Receive Safety Awards Cabot Corporation (NYSE:CBT) today announced that 18 of its carbon black manufacturing sites have been recognized by the International Carbon Black Association's (ICBA) Safety Performance Recognition Program. Across the company's global network, 16 of its carbon black facilities received the gold award and two received the bronze award for their outstanding safety performance in 2022. A total of 24 ICBA member manufacturing facilities were recognized for above average safety performance, with Cabot receiving 75% of all industry facility awards. "We are honored to be recognized again this year by the ICBA for ou
BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT) announced the upcoming retirement of Mark S. Wrighton from its Board of Directors. Mr. Wrighton, who has served as a director of Cabot since 1997, is retiring from the Board when his current term of office expires effective at Cabot’s Annual Meeting of Stockholders to be held on March 11, 2021. He currently serves as a member of the Compensation Committee and during his tenure on Cabot’s Board, Mr. Wrighton has also served on the Board’s Safety, Health, Environment and Sustainability Committee. “Mark has provided insightful guidance during his tenure on the Cabot Board of Directors,” said Ms. Rataj, Non-Executive Chair of the
BOSTON--(BUSINESS WIRE)--On Friday, January 8, 2021, the Board of Directors of Cabot Corporation (NYSE:CBT) declared a quarterly dividend of $0.35 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on March 12, 2021, to stockholders of record at the close of business on February 26, 2021. About Cabot Corporation Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. F