5 Best US Chemical Stocks To Invest In Now

In this piece, we will take a look at the five best US chemical stocks to invest in now. For all the hottest news about the US chemical industry, check out 10 Best US Chemical Stocks To Invest In Now.

5. International Flavors & Fragrances Inc. (NYSE:IFF)

Number of Hedge Fund Investors In Q4 2023: 41

International Flavors & Fragrances Inc. (NYSE:IFF) is a consumer product facing chemicals company that caters to the needs of the beauty, pharmaceutical, perfume, and other industries. April 2024 is a crucial month for the firm that has seen it refocus on other business areas by divesting its cosmetics division.

41 out of the 933 hedge funds polled by Insider Monkey for their Q4 2023 investments had bought International Flavors & Fragrances Inc. (NYSE:IFF)’s shares. Scott Ferguson’s Sachem Head Capital owned the biggest stake and was worth $387 million.

4. Air Products and Chemicals, Inc. (NYSE:APD)

Number of Hedge Fund Investors In Q4 2023: 42

Air Products and Chemicals, Inc. (NYSE:APD) is a diversified gas company that also sells its products to other chemical companies. April 2024 saw the firm tout its strengths in sustainable hydrogen production as a catalyst to drive industrial de carbonization efforts.

Insider Monkey dug through 933 hedge funds for their fourth quarter of 2023 shareholdings and found that 42 had held a stake in the firm. Air Products and Chemicals, Inc. (NYSE:APD)’s largest hedge fund investor among these is Ken Griffin’s Citadel Investment Group through its $134 million investment.

3. Axalta Coating Systems Ltd. (NYSE:AXTA)

Number of Hedge Fund Investors In Q4 2023: 47

Axalta Coating Systems Ltd. (NYSE:AXTA) is a specialized chemical company that focuses primarily on making and selling coating products and additives. The shares are rated Buy on average, and the average analyst share price target is $34.67.

As of December 2023 end, 47 out of the 933 hedge funds surveyed by Insider Monkey were Axalta Coating Systems Ltd. (NYSE:AXTA)’s shareholders. John W. Rogers’ Ariel Investments owned the biggest stake which was worth $162 million.

2. Ecolab Inc. (NYSE:ECL)

Number of Hedge Fund Investors In Q4 2023: 47

Ecolab Inc. (NYSE:ECL) sells chemicals used in water treatment, sanitization, pest control, and other processes. The firm’s investors were reassured in April 2024 when the Royal Bank of Canada reiterated its Outperform rating for the stock and kept a share price target of $238.

For their fourth quarter of 2023 shareholdings, 47 out of the 933 hedge funds profiled by Insider Monkey had invested in the firm. Ecolab Inc. (NYSE:ECL)’s largest hedge fund shareholder is Michael Larson’s Bill & Melinda Gates Foundation Trust through its $1 billion stake.

1. The Sherwin-Williams Company (NYSE:SHW)

Number of Hedge Fund Investors In Q4 2023: 72

The Sherwin-Williams Company (NYSE:SHW) is the Ohio based mega chemical company that sells paints, coatings, aerosols, adhesives, and other products. The firm is doing well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

72 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 survey had bought and owned The Sherwin-Williams Company (NYSE:SHW)’s shares. D. E. Shaw’s D E Shaw was the biggest investor as it had piled in $423 million in the firm’s shares.

Disclosure: None. You can also take a look at the 11 Best Ethanol Stocks To Invest In Now and Warren Buffett’s Portfolio: 15 Longest Held Stocks.

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