Numerous Companies Achieve Yearly Highs

Five companies have all managed to reach 52-week highs as of late

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Jul 09, 2017
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According to GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.

Harris Corp (HRS) Reached the 52-Week High of $112.81

Harris Corp together with its subsidiaries develops, manufactures and sells technology-based solutions that serve government and commercial customers' mission-critical challenges. Harris Corporation is a provider of electronic systems with applications in defense, civil government, and commercial applications. The United States government and its contractors are the firm's largest customers. Its products include communications systems, serving defense and public safety networks; space and intelligence systems, providing Earth observation, environmental and geospatial solutions; and critical networks, for use in air traffic management, energy and maritime communications, and ground network operations. A large majority of the firm's revenue is generated in the U.S.

The prices of Harris Corp (HRS) shares have reached $112.81, which is 1.3% off the 52-week high of $114.32. Harris Corp has a market cap of $13.53 billion; its shares were traded around $112.81 with a P/E ratio of 24.31 and P/S ratio of 1.78. The trailing 12-month dividend yield of Harris Corp stocks is 1.88%. The forward dividend yield of Harris Corp stocks is 1.88%. Harris Corp had an annual average earnings growth of 7.90% over the past 10 years.

The company has reported revenue in the third quarter of fiscal 2017 of $1.49 billion compared with $1.53 billion in the prior year, down 3 percent on an organic basis, excluding $21 million of prior-year revenue from the divested Aerostructures business. GAAP income from continuing operations was $164 million, or $1.31 per diluted share, compared with $159 million, or $1.26 per diluted share, in the prior year. Non-GAAP income from continuing operations was $172 million, or $1.38 per diluted share, compared with $170 million, or $1.35 per diluted share, in the prior year.

Ingersoll-Rand PLC (IR) Reached the 52-Week High of $93.25

Ingersoll-Rand PLC is a diversified company. It 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. Ingersoll-Rand is a diversified industrial company that operates two segments. The $10.5 billion climate segment manufactures and services HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $3 billion industrial segment sells Ingersoll-Rand-branded compression systems and power tools, ARO-branded fluid management equipment, and Club Car-branded utility vehicles. The Irish-domiciled company generates about 65% of its sales in the United States.

The prices of Ingersoll-Rand PLC (IR) shares have reached $93.25, which is -0.1% off the 52-week high of $93.17. Ingersoll-rand Plc has a market cap of $23.87 billion; its shares were traded around $93.25 with a P/E ratio of 16.92 and P/S ratio of 1.80. The trailing 12-month dividend yield of Ingersoll-rand Plc stocks is 1.63%. The forward dividend yield of Ingersoll-rand Plc stocks is 1.72%. Ingersoll-rand Plc had an annual average earnings growth of 25.40% over the past 5 years.

The company recently reported diluted earnings per share (EPS) from continuing operations of $0.47 for the first quarter of 2017. The company reported net earnings of $117.1 million, or EPS of $0.45, for the first quarter of 2017. Excluding restructuring costs of ($0.10), adjusted continuing EPS was $0.57.

E*TRADE Financial Corp (ETFC) Reached the 52-Week High of $38.69

E*TRADE Financial Corp is a financial services company. It provides brokerage and related products and services to individual retail investors. It also provides investor-focused banking products; sweep deposits to retail investors. E-Trade Financial is a financial-services company that provides online brokerage and related products and services mainly to individual retail investors. The company serves its customers primarily online through its digital platforms, as well as its network of industry-licensed customer service representatives and financial consultants. The digital platforms include etrade.com, which provides customers with tools, guidance and research; E*Trade Mobile which offers trading applications for smartphones and tablets; and E-Trade Pro which is the company's advanced trading platform for active traders with sophisticated tools. The company operates through two segments, trading and investing, and balance sheet management.

The prices of E*TRADE Financial Corp (ETFC) shares have reached $38.69, which is 1.2% off the 52-week high of $39.15. E*trade Financial Corp has a market cap of $10.64 billion; its shares were traded around $38.69 with a P/E ratio of 20.05 and P/S ratio of 5.29. E*trade Financial Corp had an annual average earnings growth of 4.00% over the past 5 years.

The company announced results for its first quarter ended March 31, 2017, reporting net income of $145 million and $0.48 diluted earnings per common share. This compares to net income of $153 million, or $0.53 diluted earnings per common share, in the first quarter of 2016 which included an income tax benefit related to the release of valuation allowances. Total net revenue of $553 million increased from net revenue of $472 million in the first quarter of 2016. Total non-interest expense in the quarter was $342 million compared to $312 million in the year-ago period.

Raymond James Financial Inc (RJF) Reached the 52-Week High of $81.39

Raymond James Financial Inc operates as a financial services and bank holding company. The Company through its subsidiaries is engaged in trading of shares and securities as well as investment banking services. Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company has more than 10,000 employees and supports more than 3,000 independent contractor financial advisors across the United States, Canada, and the United Kingdom. Approximately 90% of the company's revenue is from the U.S.

The prices of Raymond James Financial Inc (RJF) shares have reached $81.39, which is 1.5% off the 52-week high of $82.59. Raymond James Financial Inc has a market cap of $11.72 billion; its shares were traded around $81.39 with a P/E ratio of 21.31 and P/S ratio of 2.01. The trailing 12-month dividend yield of Raymond James Financial Inc stocks is 1.06%. The forward dividend yield of Raymond James Financial Inc stocks is 1.08%. Raymond James Financial Inc had an annual average earnings growth of 7.90% over the past 10 years. GuruFocus rated Raymond James Financial Inc the business predictability rank of 3-star.

The company recently reported net revenues of $1.56 billion and net income of $112.8 million, or $0.77 per diluted share, for the fiscal second quarter ended March 31, 2017. Record revenues during the quarter were largely driven by continued growth in the Private Client Group segment as well as a very strong quarter for investment banking. Earnings during the quarter were negatively impacted by the previously announced legal settlement, acquisition-related expenses, and the acceleration of unamortized expenses due to the extinguishment of senior notes. Adjusting for those aforementioned charges, which totaled $109 million on a pre-tax basis during the quarter, non-GAAP net income was $188.5 million, or $1.28 per diluted share.

Mohawk Industries Inc (MHK) Reached the 52-Week High of $245.75

Mohawk Industries Inc is a flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Company's business segments are Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World. Mohawk Industries is a U.S.-based global flooring manufacturer that makes products for residential and commercial spaces. The firm operates across North America, Europe, South Asia, Russia, and Australia. Mohawk's operations are divided into the global ceramic division, which provides ceramic and porcelain tile; the flooring North America unit; and the flooring rest of the world segment. The majority of the company's revenue is derived from operations in the United States, from residential customers in the flooring North America segment. The company's major brands include American Olean, Bigelow, Lees, and Mohawk.

The prices of Mohawk Industries Inc (MHK) shares have reached $245.75, which is 1.0% off the 52-week high of $248.24. Mohawk Industries Inc has a market cap of $18.26 billion; its shares were traded around $245.75 with a P/E ratio of 19.11 and P/S ratio of 2.04. Mohawk Industries Inc had an annual average earnings growth of 20.80% over the past 5 years.

The company has announced 2017 first quarter record net earnings of $201 million and diluted earnings per share (EPS) of $2.68, a 16.5% increase versus prior year. Excluding restructuring, acquisition expenses and other charges, net earnings were $203 million, and EPS was $2.72, a 14% increase over last year's first quarter adjusted EPS. Net sales for the first quarter of 2017 were $2.22 billion, up 2% versus the prior year's first quarter as reported and 4% applying constant days and currency rates. For the first quarter of 2016, net sales were $2.17 billion, net earnings were $172 million and EPS was $2.30; excluding restructuring, acquisition and other charges, net earnings were $177 million and EPS was $2.38.

VP-Business Strategy and GC Rodney David Patton sold 387 shares of MHK stock on 06/16/2017 at the average price of $242. The price of the stock has increased by 1.55% since.

Note: I do not own these stocks.