Johnson's longest-tenured portfolio management is worth mentioning, which boasts 26 years of average asset-weighted tenure. In general, seasoned teams tend to have more experience in both up and down markets. Johnson's risk-adjusted performance compares similarly to competitors. Across its open-end and exchange-traded funds, the firm’s average 10-year Morningstar Rating is 3.5 stars, which is about standard. Finally, the Johnson portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching.
Johnson & Johnson Earnings: Solid Growth to Start the Year, but We Expect That to Slow by Midyear
We still view the stock as undervalued, with the market not fully appreciating J&J’s innovative products.