* **Fort Washington Investment Advisors Inc. Ohio reduced its stake in Ashland Inc.** The fund sold off a portion of its holdings, indicating a potential shift in investment strategy. * **Ashland Inc. stock performance:** The company’s stock has been performing well, with a recent surge in price. * **Institutional investor activity:** Other institutional investors have been actively involved in the trading of Ashland Inc. shares. **Detailed Analysis:**
Fort Washington Investment Advisors Inc. Ohio, a prominent institutional investor, has made a strategic adjustment to its Ashland Inc. (ASH) holdings.
Ashland is a global leader in the specialty chemicals industry, with a diverse portfolio of products and services. The company’s core business segments include:
* **Industrial Chemicals:** This segment focuses on supplying essential chemicals used in various industrial processes, such as oil and gas, mining, and manufacturing. * **Specialty Chemicals:** This segment offers a wide range of customized solutions for specific applications, including water treatment, oilfield chemicals, and agricultural chemicals. * **Performance Chemicals:** This segment provides performance-enhancing additives and solutions for various industries, such as automotive, construction, and electronics.
The company’s market capitalization is $10.5 billion. Ashland Inc. is a global leader in specialty chemicals, providing a wide range of products and services to various industries.
Ashland’s dividend policy is based on a commitment to paying a stable and growing dividend. The company’s dividend payout ratio is currently 45.9%. Ashland has a long history of paying dividends, with a dividend record dating back to 1967. The company’s dividend policy has been relatively consistent over the years.