Ashland Inc. (NYSE:ASH) Shares Acquired by TFO Wealth Partners LLC

TFO Wealth Partners LLC lifted its stake in shares of Ashland Inc. (NYSE:ASHFree Report) by 45,750.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917 shares of the basic materials company’s stock after purchasing an additional 915 shares during the period. TFO Wealth Partners LLC’s holdings in Ashland were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in Ashland during the 4th quarter worth approximately $28,000. Hexagon Capital Partners LLC increased its position in shares of Ashland by 143.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 378 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Covestor Ltd raised its stake in Ashland by 338.0% in the 3rd quarter. Covestor Ltd now owns 403 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 311 shares during the last quarter. CWM LLC lifted its holdings in Ashland by 163.7% in the 4th quarter. CWM LLC now owns 559 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 347 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in Ashland during the 4th quarter worth $67,000. Institutional investors and hedge funds own 93.95% of the company’s stock.

Ashland Price Performance

ASH stock opened at $98.81 on Thursday. Ashland Inc. has a 52-week low of $70.82 and a 52-week high of $100.99. The company has a quick ratio of 1.94, a current ratio of 3.15 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.92. The business has a fifty day moving average of $97.11 and a two-hundred day moving average of $90.56.

Ashland (NYSE:ASHGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.13. Ashland had a return on equity of 5.57% and a net margin of 9.09%. The firm had revenue of $575.00 million during the quarter, compared to the consensus estimate of $574.64 million. During the same period last year, the company earned $1.43 EPS. The company’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, research analysts anticipate that Ashland Inc. will post 4.47 earnings per share for the current year.

Ashland Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a $0.405 dividend. This is a positive change from Ashland’s previous quarterly dividend of $0.39. This represents a $1.62 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, May 31st. Ashland’s dividend payout ratio is currently 42.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Ashland from $88.00 to $90.00 and gave the company an “underweight” rating in a research report on Thursday, May 2nd. UBS Group increased their price objective on shares of Ashland from $114.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Mizuho boosted their target price on Ashland from $101.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. StockNews.com cut Ashland from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Wells Fargo & Company raised Ashland from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $100.00 to $112.00 in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.44.

View Our Latest Research Report on Ashland

Ashland Company Profile

(Free Report)

Ashland Inc provides additives and specialty ingredients in the North and Latin America, Europe, Asia Pacific, and internationally. It operates through Life Sciences, Personal Care, Specialty Additives, and Intermediates segments. The Life Sciences segment offers pharmaceutical solutions, including controlled release polymers, disintegrants, tablet coatings, thickeners, solubilizers, and tablet binders; nutrition solutions, such as thickeners, stabilizers, emulsifiers, and additives; and nutraceutical solutions comprising products for weight management, joint comfort, stomach and intestinal health, sports nutrition, and general wellness, as well as custom formulation, toll processing, and particle engineering solutions.

Further Reading

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Institutional Ownership by Quarter for Ashland (NYSE:ASH)

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