Several Companies Hit 52-Week Highs

Five companies have all reached milestones

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Nov 08, 2016
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Mettler-Toledo International reached the 52-week high of $420.46

Mettler-Toledo International Inc. (MTD, Financial) is the supplier of precision instruments and services and provider of weighing instruments for use in laboratory, industrial and food retailing applications. It is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.

The company is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. It has five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other.

The price of Mettler-Toledo shares has reached $420.46, which is 0.9% off the 52-week high of $424.39. Mettler-Toledo has a market cap of $10.7 billion; its shares were traded around $420.46 with a price-earnings (P/E) ratio of 32.59 and a price-sales (P/S) ratio of 4.81. Mettler-Toledo had an annual average earnings growth of 5.60% over the past 10 years.

The company has reported that sales in local currency increased 9% in the third quarter compared with the prior year. Reported sales increased 8% as currency reduced sales growth by 1% in the quarter. Net earnings per diluted share as reported (EPS) were $3.77, compared with $3.16 in the prior-year period. Adjusted EPS was $3.89, an increase of 19% over the prior-year amount of $3.26.

Las Vegas Sands reached the 52-week high of $59.08

Las Vegas Sands Corp. (LVS, Financial) is a developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities and owns and operates integrated resorts in Asia and the U.S. Its operating and developmental activities occur in three geographic areas: Macao, Singapore and the U.S. In Macao, its operating segments are: The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao; and Other Asia.

The price of Las Vegas Sands shares has reached $59.08, which is 1.6% off the 52-week high of $60. Las Vegas Sands has a market cap of $46 billion; its shares were traded around $59.08 with a P/E ratio of 28.82 and P/S ratio of 4.23. Las Vegas Sands' trailing 12-month dividend yield is 4.76%. The forward dividend yield is 4.87%. Las Vegas Sands had an annual average earnings growth of 16.90% over the past 10 years..

The company reported that for the third quarter, consolidated net revenue increased 2.6% from the third quarter of 2015 to $2.97 billion, Net income was $605.5 million. GAAP earnings per diluted share was 65 cents, adjusted earnings per diluted share was 72 cents, and hold-normalized adjusted earnings per diluted share was 64 cents. Consolidated adjusted property EBITDA increased 8.6% to $1.14 billion with a margin expanding 210 basis points to 38.5%. Hold-normalized adjusted property EBITDA was $1.06 billion with a margin of 37.3%.

The Priceline Group reached the 52-week high of $1480.33

The Priceline Group Inc. (PCLN, Financial) is a provider of online travel and travel-related reservation and search services. It offers consumers accommodation reservations services (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through Booking.com, KAYAK, agoda.com, rentalcars.com and OpenTable. Booking.com is an online accommodation reservation, based on room nights booked, with operations globally and headquarters in the Netherlands. Priceline.com offers online travel reservation services in the U.S. and is headquartered in Norwalk, Connecticut. Through priceline.com, the company offers consumers hotel, rental car and airline ticket reservation services as well as vacation packages and cruises.

The price of The Priceline Group shares has reached $1480.33, which is 1.4% off the 52-week high of $1501.79. The Priceline Group has a market cap of $75.73 billion; its shares were traded around $1,480.33 with a P/E ratio of 28.17 and P/S ratio of 7.67. The Priceline Group had an annual average earnings growth of 48.50% over the past 10 years. GuruFocus rated The Priceline Group the business predictability rank of 5-star.

For the third quarter, gross profit was $3.6 billion, a 22% increase from the prior year (approximately 23% on a constant-currency basis). Net income in the third quarter was $506 million, a 58% decrease versus the prior year. Net income was $10.13 per diluted share, a 57% decrease compared to the prior year. Net income and net income per diluted share for the third quarter were negatively impacted by a noncash charge of $941 million relating to an impairment of OpenTable's goodwill.

Booking.com President & CEO Gillian Tans sold 131 shares for $1,450.25 per share on Oct. 14. The stock price has increased by 2.07%.

Republic Services reached the 52-week high of $52.01

Republic Services Inc. (RSG, Financial) provides services in the domestic nonhazardous solid waste industry. It provides nonhazardous solid waste collection services for commercial, industrial, municipal and residential customers through 336 collection operations in 39 states and Puerto Rico. The company owns or operates 199 transfer stations, 190 active solid waste landfills and 69 recycling centers. It also operates 69 landfill gas and renewable energy projects. It also has municipal marketing representatives who are responsible for working with municipalities or communities to which it provides residential service.

The price of Republic Services shares has reached $52.01, which is 1.7% off the 52-week high of $52.92. Republic Services has a market cap of $18.16 billion; its shares were traded around $52.01 with a P/E ratio of 30.45 and a P/S ratio of 1.93. Republic Services' trailing 12-month dividend yield is 2.35%. The forward dividend yield is 2.50%. Republic Services had an annual average earnings growth of 6.70% over the past 10 years. GuruFocus rated Republic Services the business predictability rank of 3-star.

The company has reported a net income of $85.6 million, or 25 cents per diluted share, for the three months ended Sept. 30 versus $215.0 million, or 61 cents per diluted share, for the comparable 2015 period. Excluding certain expenses, on an adjusted basis, net income for the three months ended Sept. 30 was $212.6 million, or 62 cents per diluted share, versus $184.7 million, or 53 cents per diluted share, for the comparable 2015 period. A majority of the expenses excluded from the 2016 adjusted EPS relate to the tender offer for certain outstanding bonds, which closed in early July.

President and CEO Donald W. Slager sold 164,628 shares on Oct. 28 for $52 per share. The stock price has increased by 0.02%.

Harris Corp. reached the 52-week high of $96.98

Harris Corp. (HRS, Financial) together with its subsidiaries develops, manufactures and sells technology-based solutions that serve government and commercial customers' mission-critical challenges.

The company's business segments are Communication Systems, Space and Intelligence Systems, Electronic Systems, and Critical Networks. Communication Systems, serving markets in tactical communications and defense and public safety networks.

The price of Harris Corp. shares has reached $96.98, which is -2.4% off the 52-week high of $94.66. Harris has a market cap of $11.4 billion; its shares were traded around $96.98 with a P/E ratio of 36.47 and P/S ratio of 1.64. Harris' trailing 12-month dividend yield is 2.10%. The forward dividend yield is 2.25%. Harris had an annual average earnings growth of 7.90% over the past 10 years.

The company reported revenue in the first quarter of fiscal 2017 of $1.75 billion compared with $1.81 billion in the prior year, down 3% on a reported basis and 2% on an organic basis, excluding prior-year revenue attributable to the divested aerostructures business. GAAP net income was $160 million, or $1.27 per diluted share, compared with $148 million, or $1.18 per diluted share, in the prior year. Non-GAAP net income, excluding acquisition-related charges, was $175 million, or $1.39 per diluted share, compared with $163 million, or $1.31 per diluted share, in the prior year.

President, Electronic Systems Edward J. Zoiss sold 1,884 shares on Nov. 3 at the average price of $92.99. The stock price has increased by 4.29% since.

Disclosure: I do not own these stocks.

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