The good news for New Jersey? The state is home to 20 Fortune 500 companies, including four in the Top 100 — Johnson & Johnson, Prudential Financial, Merck and Honeywell — according to the latest rankings by the magazine, which were released Thursday.
The bad news? Two of those 20 companies are in the process of relocating their headquarters out of state.
Honeywell, which came in at No. 77, is listed as being headquartered in Morris Plains, but it is in the process of shifting its headquarters to Charlotte, North Carolina.
Celgene, which came in at No. 207, is in the process of being acquired by Bristol-Myers Squibb, a move that is expected to be completed by the end of the year and will see the company’s headquarters in New York.
Overall, New Jersey gained one company in the 500, as Zoetis, in Parsippany, came in at No. 487. But it also lost one company, as Conduent, in Florham Park, dropped to No. 517 from No. 466.
Here’s the list:
No. 37: Johnson & Johnson (New Brunswick);
No. 50: Prudential Financial (Newark);
No. 76: Merck (Kenilworth);
No. 77: Honeywell (Morris Plains);
No. 113: PBF Energy (Parsippany);
No. 193: Cognizant Technology Solutions (Teaneck);
No. 195: Becton-Dickinson (Franklin Lakes);
No. 207: Celgene (Summit);
No. 239: ADP (Roseland);
No. 243: Newell Brands (Hoboken);
No. 258: Bed Bath & Beyond (Union);
No. 291: NRG Energy (Princeton);
No. 323: Public Service Enterprise Group (Newark);
No. 338: Avis (Parsippany);
No. 349: Campbell Soup (Camden);
No. 404: Quest Diagnostics (Secaucus);
No. 451: Burlington Stores (Burlington);
No. 457: Ascena Retail Group (Mahwah);
No. 478: Realogy (Madison);
No. 487: Zoetis (Parsippany).
New Jersey’s biggest gainers on the list were Becton Dickinson, which jumped to No. 195 from No. 251, and PBF Energy, which jumped to No. 113 from No. 135.
For the complete list, click here.