Dow Today: Johnson & Johnson (JNJ) Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading down 79.0 points (-0.5%) at 14,583 as of Wednesday, Apr 3, 2013, 12:35 p.m. ET. During this time, 326 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 606 million. The NYSE advances/declines ratio sits at 720 issues advancing vs. 2,193 declining with 115 unchanged.
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Holding back the Dow today is Johnson & Johnson (NYSE: JNJ), which is lagging the broader Dow index with a 96-cent decline (-1.2%) bringing the stock to $81.73. This single loss is lowering the Dow Jones Industrial Average by 7.27 points or roughly accounting for 9.2% of the Dow's overall loss. Volume for Johnson & Johnson currently sits at 6.5 million shares traded vs. an average daily trading volume of 9.6 million shares.

Johnson & Johnson has a market cap of $229.16 billion and is part of the health care sector and drugs industry. Shares are up 18% year to date as of Tuesday's close. The stock's dividend yield sits at 3%.

Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Johnson & Johnson as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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