5 Best US Chemical Stocks To Buy Now

Page 1 of 5

In this article, we discuss 5 best US chemical stocks to buy now. If you want to see more stocks in this selection, check out 12 Best US Chemical Stocks To Buy Now

5. PPG Industries, Inc. (NYSE:PPG)

Number of Hedge Fund Holders: 31

PPG Industries, Inc. (NYSE:PPG) is headquartered in Pittsburgh, Pennsylvania. The company manufactures and distributes paints, coatings, and specialty materials worldwide. It is also involved in packaging and chemical management services for commercial, military, regional jets, and general aviation aircrafts. PPG Industries, Inc. (NYSE:PPG) is one of the best chemical stocks to invest in. 

On January 19, PPG Industries, Inc. (NYSE:PPG) reported a Q4 non-GAAP EPS of $1.22 and a revenue of $4.19 billion, outperforming Wall Street estimates by $0.09 and $70 million, respectively. Deutsche Bank analyst David Begleiter on January 23 raised the firm’s price target on PPG Industries, Inc. (NYSE:PPG) to $145 from $128 and kept a Buy rating on the shares following the Q4 results.

According to Insider Monkey’s fourth quarter database, 31 hedge funds were long PPG Industries, Inc. (NYSE:PPG), compared to 34 funds in the prior quarter. Jean-Marie Eveillard’s First Eagle Investment Management is the largest stakeholder of the company. 

Here is what ClearBridge Investments Large Cap Value Strategy has to say about PPG Industries, Inc. (NYSE:PPG) in its Q1 2022 investor letter:

“While commodities-exposed areas of the materials sector such as mining and steel fared well in the quarter, we tend to have less direct exposure to commodities across our portfolio. Holdings like paint and coating company PPG Industries (NYSE:PPG) that use natural gas and oil related products as feedstock into their products faced sharp input cost escalation, driving meaningful margin compression, which was not well-received by investors. While negative in the short term, we remain confident that the company will be able to adjust pricing accordingly and recover margins over the medium term.”

Follow Ppg Industries Inc (NYSE:PPG)

Page 1 of 5