5 Companies Reach 52-Week Highs

Waters, Global Payments, Masco, Waste Connections, Praxair achieve annual milestone

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May 30, 2017
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According to GuruFocus, these stocks have reached their 52-week highs.

Waters reached the 52-week high of $178.07

Waters Corp. (WAT, Financial) is an analytical instrument manufacturer for pharmaceutical, biochemical and industrial customers. Roughly half of sales are attributable to instruments, which include liquid chromatography and mass spectrometry platforms, as well as thermal analysis tools. Consumables and services account for the remainder of its sales.

The price of Waters shares has reached $178.07, which is 0.6% off the 52-week high of $179.07. The company has a market cap of $14.25 billion; its shares were traded around $178.07 with a price-earnings (P/E) ratio of 27.14 and a price-sales (P/S) ratio of 6.60. Waters had an annual average earnings growth of 9.20% over the past 10 years.

The company reported first-quarter 2017 sales of $498 million, a 5% increase from sales of $475 million in the first quarter of 2016. Foreign currency translation reduced sales growth by approximately 1% for the quarter. On a GAAP basis, diluted earnings per share (EPS) were up 14% to $1.31 compared to $1.15 for the first quarter of 2016. On a non-GAAP basis, EPS increased 16% to $1.46 from $1.26 the year prior.

Senior Vice President of Global HR Elizabeth B. Rae sold 16,000 shares for an average price of $177.21 per share on May 24. The stock price has increased by 0.49% since then.

Global Payments reached the 52-week high of $91.85

Global Payments Inc. (GPN, Financial) is a payment solutions provider for merchants, value-added resellers, enterprise software providers, financial institutions, government agencies, multinational corporations and independent sales organizations.

The price of Global Payments shares has reached $91.85, which is 1.3% off the 52-week high of $93.05. The company has a market cap of $14.01 billion; its shares were traded around $91.85 with a P/E ratio of 64.23 and P/S ratio of 3.91. The trailing 12-month dividend yield is 0.04%. The forward dividend yield is 0.04%. Global Payments had an annual average earnings growth of 11.80% over the past 10 years.

The company reported GAAP revenues of $919.8 million for first-quarter 2017, compared to $626.3 million in the first quarter of 2016. Diluted EPS were 32 cents compared to 46 cents in the prior-year quarter. The operating margin was 11.4% compared to 15.1% in the first quarter of 2016. Adjusted net revenue grew 68% to $803.9 million, compared to $479.6 million in the first quarter of 2016. Adjusted EPS grew 33% to 85 cents, compared to 64 cents in the first quarter of 2016. The adjusted operating margin expanded 110 basis points to 28.5%.

Director Robert H B Baldwin Jr sold 10,000 shares for an average price of $88 per share on May 18. Since then, the stock price has increased by 4.38%.

Masco reached the 52-week high of $37

Masco Corp. (MAS, Financial) provides homebuilding solutions in the United States. Its array of products entails faucets, showerheads, paints and coatings.Â

The price of Masco shares has reached $37, which is 1.6% off the 52-week high of $37.58. The company has a market cap of $11.82 billion; its shares were traded around $37 with a P/E ratio of 23.42 and P/S ratio of 1.63. The trailing 12-month dividend yield is 1.07%. The forward dividend yield is 1.08%. Masco had an annual average earnings growth of 47.90% over the past five years.

The company reported sales for the first quarter of 2017 increased 3% to $1.8 billion; in local currencies, sales increased 5%. Operating profit for the quarter grew 8% to $253 million; adjusted operating profit grew 8% to $255 million. The operating profit margin for the quarter increased to 14.2%, a 60 basis point expansion; the adjusted operating profit margin increased to 14.4%, a 60 basis point expansion. EPS for the quarter grew 34% to 43 cents per common share; adjusted EPS grew 28% to 41 cents per common share, which includes a one-cent benefit due to a lower normalized tax rate. An EPS target of $1.80 for 2017 was updated to the range of $1.90 to $2 per common share, which includes an estimated six-cent benefit from a reduction in the expected tax rate.

Director Richard A. Manoogian sold 60,323 shares on May 23 for an average price of $37.11 per share. The stock price has decreased 0.3% since then.

Waste Connections reached the 52-week high of $94.39

Waste Connections Inc. (WCN, Financial) is an integrated municipal solid waste services company.Â

The price of Waste Connections shares has reached $94.39, which is 0.6% off the 52-week high of $94.93. The company has a market cap of $16.59 billion; its shares were traded around $94.39 with a P/E ratio of 73.74 and P/S ratio of 4.02. The trailing 12-month dividend yield is 0.73%. The forward dividend yield is 0.76%. Waste Connections had an annual average earnings growth of 5.90% over the past 10 years.

The company recently reported first-quarter 2017 revenue of $1.091 billion, net income of $14.9 million, adjusted net income of $130.3 million, adjusted EBITDA of $332.8 million, net cash from operations of $287.5 million and $237.5 million in adjusted free cash flow.Â

Director Susan Lee bought 1,200 shares on May 16 for an average price of $92.05. The stock price has increased by 2.54% since then.

Praxair reached the 52-week high of $131.97

Praxair Inc. (PX, Financial) produces, distributes and sells atmospheric and process gases, and surface coatings in North America, Europe, South America and Asia.Â

The price of Praxair shares has reached $131.97, which is 1.3% off the 52-week high of $133.68. Praxair has a market cap of $37.66 billion; its shares were traded around $131.97 with a P/E ratio of 24.76 and P/S ratio of 3.53. The trailing 12-month dividend yield is 2.30%. The forward dividend yield is 2.39%. Praxair had an annual average earnings growth of 6.20% over the past 10 years.

The company reported first-quarter 2017 net income and diluted EPS of $389 million and $1.35, respectively. Adjusted net income and diluted EPS were $395 million and $1.37 respectively. Praxair’s sales in the first quarter were $2,728 million, 9% above the prior-year quarter, up 6% excluding higher cost pass-through and positive currency translation effect. Reported operating profit in the first quarter was $582 million, up 5% from the prior-year quarter.

Disclosure: I do not own these stocks.

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