10 Best Chemical Stocks to Buy According to Billionaires

5. Sensient Technologies Corporation (NYSE:SXT)

Stock Upside Potential as of July 16: 1.08%

Number of Hedge Fund Holders: 28

Number of Billionaire Investors: 9

Sensient Technologies Corporation (NYSE:SXT) is one of the best chemical stocks to buy, according to billionaires. On July 1, the company confirmed it had amended its trade receivables securitization program.

With the amendment, the facility’s limit increased to $105 million from $85 million, with termination slated for August 31, 2026. Sensient Technologies Corporation entered into a new agreement with Sensient Receivables LLC and Wells Fargo Bank, National Association

Under the terms of the agreement, Sensient Receivables will act as the seller, Sensient Technologies serves as the initial servicer and performance guarantor, and Wells Fargo is the purchaser.

Sensient Technologies Corporation (NYSE:SXT) is a manufacturer and marketer of colors, flavors, and other specialty ingredients. Its solutions are used in the food and beverage, pharmaceutical, nutraceutical, and personal care industries.