5 Best Soaps and Cleaning Materials Stocks to Buy

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1. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 81

Johnson & Johnson (NYSE:JNJ) develops and manufactures various products in the healthcare industry and sells baby soaps through its brand, Johnson Baby. It is the top stock on our list of best soaps and cleaning materials stocks to buy.

On April 16, Johnson & Johnson (NYSE:JNJ) announced an increase of 4.2% in its quarterly dividend to $1.24, payable by June 4 to the shareholders of record on May 21. The stock has a dividend yield of 3.37%, as of April 19.

Johnson & Johnson (NYSE:JNJ) was part of 81 hedge funds’ portfolios in the fourth quarter of 2023 with a total stake value of $3.9 billion. As of Q4 of 2023, Fisher Asset Management is the biggest shareholder in the company and has a position worth $995.327 million.

ClearBridge Investments made the following comment about Johnson & Johnson (NYSE:JNJ) in its Q3 2023 investor letter:

“The health care space provided some opportunities in the quarter, as we increased our exposure to medical device company Becton, Dickinson as well as large cap pharmaceutical company Johnson & Johnson (NYSE:JNJ). Johnson & Johnson recently spun out its consumer health care business, becoming a more focused yet broadly diversified pharmaceutical and medtech company.”

Follow Johnson & Johnson (NYSE:JNJ)

Should you invest $1,000 in Johnson & Johnson (NYSE:JNJ) right now?

Before you buy stock in JNJ, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and JNJ wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also look at the 20 Countries with the Highest Cancer Survival Rates in the World and the 11 Best Coal Mining Stocks To Invest In.

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