This reduction in holdings signifies a shift in the fund’s investment strategy, potentially indicating a change in its outlook on the company’s future prospects. Ashland Inc. is a leading global provider of specialty chemicals and related services. Its products and services are used in a wide range of industries, including oil and gas, mining, water treatment, and agriculture. The company’s revenue is primarily generated from its global operations, with a significant presence in North America, Europe, and Asia.
Ashland Inc. stock performance is analyzed, focusing on recent trading activity, historical data, and financial health indicators. **Detailed Analysis:**
Ashland Inc.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Sunday, September 1st will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, August 30th. Ashland’s payout ratio is 42.97%. Wall Street Analysts Forecast Growth ASH has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Ashland from $112.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. BMO Capital Markets lowered their price objective on Ashland from $105.00 to $92.00 and set a “market perform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded Ashland from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $89.00 in a research report on Thursday, August 8th. StockNews.com raised Ashland from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Finally, UBS Group dropped their price objective on shares of Ashland from $116.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.
The company’s products are used in a wide range of industries, including automotive, construction, agriculture, and consumer goods. Ashland’s business model is based on innovation, sustainability, and customer focus. The company has a strong track record of innovation, with a history of developing new and improved products that meet the evolving needs of its customers.
You can find that information on the 13F filings. 13F filings are quarterly reports that hedge funds are required to file with the Securities and Exchange Commission (SEC). These reports detail the holdings of the funds, including the number of shares and the market value of each stock. 13F filings are publicly available and can be accessed through the SEC’s EDGAR database.