5 Best Medical Device Stocks To Buy Now

1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83

Johnson & Johnson (NYSE:JNJ) is a company that provides both general use medical products such as tampons and band aids, and specialized products such as electrophysiology systems and neurovascular care products. The company is headquartered in New Brunswick, New Jersey, United States.

Despite its scope and scale, Johnson & Johnson (NYSE:JNJ) pockets 48 cents on the dollar as its profits, with 30% coming from its medical devices business. Additionally, the company has paid 15x of its initial investments as dividends over the past 36 years and provided 6x in returns since 2013. It pays a strong $1.13 dividend for a 2.59% yield.

Insider Monkey took a look at 912 hedge funds for this year’s first quarter and found out that 83 had invested in Johnson & Johnson (NYSE:JNJ).

Johnson & Johnson (NYSE:JNJ)’s largest investor is  Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital which owns 6.6 million shares that are worth $1.1 billion.

Disclosure: None. You can also take a look at 10 Important Energy Stocks Making Moves After Earnings and 10 Best Data Center Stocks To Invest In.

Follow Insider Monkey on Twitter