5 Companies Reach 52-Week Highs

S&P Global, Adobe Systems, Waste Connections, General Dynamics, Ingersoll-Rand achieve milestones

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Sep 06, 2016
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According to GuruFocus' list, these stocks have reached their 52-week highs.

S&P Global reached the 52-week high of $125.43

S&P Global Inc. (SPGI, Financial)Â together with its subsidiaries is a benchmarks and ratings, analytics, data and research provider serving the capital, commodities and commercial markets. The capital markets include asset managers, investment banks, commercial banks, insurance companies, exchanges and issuers; the commodities markets include producers, traders and intermediaries within energy, metals, petrochemicals and agriculture; and the commercial markets include professionals and corporate executives within automotive, financial services, insurance and marketing / research information services.

The company provides products and services available through both third-party and proprietary distribution channels. The company's operations consist of four reportable segments: Standard & Poor's Ratings Services (S&P Ratings), S&P Capital IQ and SNL, S&P Dow Jones Indices (S&P DJ Indices) and Commodities & Commercial (C&C).

The price of S&P Global shares has reached $125.43, which is 0.1% off the 52-week high of $125.55. S&P Global has a market cap of $32.61 billion; its shares were traded around $125.43 with a price-earnings (P/E) ratio of 28.70 and price-sales (P/S) ratio of 6.15. The trailing 12-month dividend yield is 1.12%. S&P Global's forward dividend yield is 1.15%.

S&P Global reported second quarter revenue of $1.48 billion, an increase of 10% compared to the same period last year. Net income and diluted earnings per share were $383 million and $1.44. Adjusted net income increased 13% to $385 million, and adjusted diluted earnings per share increased 17% to $1.44.

Adobe Systems reached the 52-week high of $103.57

Adobe Systems Inc. (ADBE, Financial)Â offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media. The company also distributes its products through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers and original equipment manufacturers. In addition, the company licenses its technology to hardware manufacturers, software developers and service providers for use in its products and solutions.

The price of Adobe Systems shares has reached $103.57, which is 0.6% off the 52-week high of $104.16. Adobe Systems has a market cap of $50.98 billion; its shares were traded around $103.57 with a P/E ratio of 58.85 and P/S ratio of 9.87. Adobe Systems had an annual average earnings growth of 1.80% over the past 10 years.

The company reported a record quarterly revenue of $1.40 billion for the second quarter, representing year-over-year growth of 20%. Diluted earnings per share were 48 cents on a GAAP basis and 71 cents on a non-GAAP basis.

Waste Connections reached the 52-week high of $78.49

Waste Connections Inc. (WCN, Financialis an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in mostly secondary markets in the Western and Southern U.S.

The company provides residential solid waste services, other than those it performs under exclusive arrangements, under contracts with homeowners' associations, apartment owners and mobile home park operators or on a subscription basis with individual households. It sets base residential fees on a contract basis mainly based on route density, the frequency and level of service, the distance to the disposal or processing facility, weight and type of waste collected, type of equipment and containers furnished, the cost of disposal or processing and prices charged by competitors in that market for similar services.

The price of Waste Connections shares has reached $78.49, which is 1.6% off the 52-week high of $79.72. Waste Connections has a market cap of $13.38 billion; its shares were traded around $78.49 with a P/S ratio of 4.34. Waste Connections' trailing 12-month dividend yield is 0.74%. The forward dividend yield is 0.74%. Waste Connections had an annual average earnings growth of 5.40% over the past 10 years.

The company announced revenue in the second quarter was $727.6 million compared to revenue of $531.3 million in the year-ago period. Operating income was $63.5 million  compared to $110.0 million in the second quarter of 2015. Adjusted net income attributable to Waste Connections in the quarter was $93.2 million, or 66 cents per share, versus $61.6 million, or 50 cents per share, in the prior-year period.

Executive Vice President and Chief Operating Officer Darrell W. Chambliss sold 2,000 shares for $77.42 per share on Aug. 17. The price of the stock has increased by 1.38% since.

General Dynamics reached the 52-week high of $153.81

General Dynamics Corp. (GD, Financial)Â is an aerospace and defense company. It offers products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding; and communication and information technology systems and solutions. It has four business segments, Aerospace, Combat Systems, Marine Systems and Information Systems and Technology.

The company's primary customer is the U.S. Department of Defense. It also has contracts with other U.S. government customers including the intelligence community, the Departments of Homeland Security and Health and Human Services and first-responder agencies and other commercial customers.

The company reported second-quarter diluted earnings per share of $2.44 compared to $2.27 in the year-ago quarter, a 7.5% increase. Net earnings were $758 million on revenue of $7.7 billion.

Ingersoll-Rand reached the 52-week high of $68.53

Ingersoll-Rand PLC (IR, Financial)Â is a diversified company that provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. Its business segments consist of Climate and Industrial, both with brands within their respective markets. The company generates revenue and cash through the design, manufacture, sale and service of a diverse portfolio of industrial and commercial products that include well-recognized, premium brand names.

The price of Ingersoll-Rand shares havs reached $68.53, which is 0.6% off the 52-week high of $68.97. Ingersoll-Rand has a market cap of $17.54 billion; its shares were traded around $68.53 with a P/E ratio of 12.60 and P/S ratio of 1.35. Ingersoll-Rand's trailing 12-month dividend yield is 1.78%. The forward dividend yield is 1.87%. Ingersoll-Rand had an annual average earnings growth of 13.60% over the past five years.

The company reported diluted earnings per share (EPS) from continuing operations were $2.88 for the second quarter. The company reported net earnings of $747.6 million, or EPS of $2.86, for the second quarter. Revenues were $3.688 billion, up from $3.6 billion from the prior year.

Senior Vice President Keith A. Sultana sold 3,071 shares for $68.81 per share on Aug. 29. The price of the stock has decreased by 0.41% since.

Disclosure: I do not own these stocks.

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