8 Best Plastics Stocks To Invest In Now

2. DuPont de Nemours Inc. (NYSE:DD)

Number of Hedge Fund Holders: 47

DuPont de Nemours Inc. (NYSE:DD) is an American multinational company that develops and manufactures technology-based materials and solutions for various sectors, including automotive, construction, electronics, water, healthcare, and worker safety. The company is a major producer of fiber and plastics products.

The company has made significant strides in expanding its capabilities and market presence through strategic acquisitions. In August 2023, DuPont de Nemours Inc. (NYSE:DD) completed the acquisition of Spectrum Plastics Group, a leader in specialty medical devices and components markets. This move enhances DuPont’s (NYSE:DD) offerings in the healthcare sector and complements the company’s offerings for biopharma and pharma processing, medical devices and packaging, including DuPont’s (NYSE:DD) LiveoTM silicone solutions and Tyvek Medical Packaging.

On July 29, 2024, DuPont de Nemours Inc. (NYSE:DD) further strengthened its position by completing the acquisition of Donatelle Plastics, a company known for its expertise in medical device manufacturing. This acquisition not only expands DuPont’s (NYSE:DD) technological capabilities but also aligns with its focus on high-growth therapeutic areas like drug delivery and diagnostics. The combination of Spectrum and Donatelle underlines DuPont’s (NYSE:DD) strategy to leverage advanced technologies to enhance its healthcare solutions.

Financially, DuPont de Nemours Inc. (NYSE:DD) reported a robust Operating EBITDA of $467 million for its Electronics & Industrial segment in Q3 2024, marking a 22% increase from the previous year. This growth was driven by higher production rates, volume growth, savings from restructuring actions, and earnings contribution from its recent acquisitions. These strategic moves indicate that DuPont de Nemours Inc. (NYSE:DD) is well-positioned for future growth in the plastics sector, particularly in healthcare applications. Its focus on innovation and expansion into high-demand markets makes it a compelling stock to consider for investors looking for opportunities in the plastics industry.