SFE Investment Counsel Buys 383 Shares of Johnson & Johnson (JNJ)

SFE Investment Counsel lifted its stake in Johnson & Johnson (NYSE:JNJ) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,110 shares of the company’s stock after purchasing an additional 383 shares during the period. Johnson & Johnson accounts for approximately 1.1% of SFE Investment Counsel’s holdings, making the stock its 29th largest holding. SFE Investment Counsel’s holdings in Johnson & Johnson were worth $2,683,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Financial Gravity Wealth Inc. bought a new position in Johnson & Johnson during the first quarter worth about $105,000. WP Advisors LLC bought a new position in Johnson & Johnson during the second quarter worth about $108,000. FNY Investment Advisers LLC bought a new position in Johnson & Johnson during the second quarter worth about $117,000. Live Your Vision LLC lifted its holdings in Johnson & Johnson by 58.3% during the second quarter. Live Your Vision LLC now owns 1,363 shares of the company’s stock worth $172,000 after acquiring an additional 502 shares in the last quarter. Finally, Signition LP bought a new position in Johnson & Johnson during the first quarter worth about $204,000. Institutional investors and hedge funds own 66.60% of the company’s stock.

A number of analysts have recently commented on JNJ shares. Raymond James boosted their price target on Johnson & Johnson from $144.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Credit Suisse Group boosted their price target on Johnson & Johnson from $149.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Goldman Sachs Group upgraded Johnson & Johnson from a “sell” rating to a “neutral” rating in a report on Thursday, July 12th. Citigroup boosted their price target on Johnson & Johnson from $137.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, October 22nd. Finally, ValuEngine upgraded Johnson & Johnson from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $142.54.

NYSE:JNJ opened at $142.57 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.40 and a current ratio of 1.72. The stock has a market capitalization of $377.43 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.20 and a beta of 0.58. Johnson & Johnson has a 52-week low of $118.62 and a 52-week high of $148.32.

Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, October 16th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.02. The business had revenue of $20.35 billion for the quarter, compared to the consensus estimate of $20.05 billion. Johnson & Johnson had a return on equity of 34.62% and a net margin of 1.89%. Johnson & Johnson’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. On average, analysts anticipate that Johnson & Johnson will post 8.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Tuesday, November 27th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, November 26th. Johnson & Johnson’s dividend payout ratio is currently 49.32%.

In related news, COO Michael E. Sneed sold 29,000 shares of Johnson & Johnson stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $134.80, for a total value of $3,909,200.00. Following the sale, the chief operating officer now owns 59,124 shares of the company’s stock, valued at $7,969,915.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ronald A. Kapusta sold 7,899 shares of Johnson & Johnson stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $137.18, for a total value of $1,083,584.82. Following the completion of the sale, the chief accounting officer now directly owns 25,725 shares in the company, valued at approximately $3,528,955.50. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

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Johnson & Johnson Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

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Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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