According to GuruFocus, these stocks have reached their 52-week highs.
Eaton Corp. PLC (ETN, Financial) reached the 52-week high of $91.79
Eaton provides power management solutions to diversified industrial customers, including electrical transmission systems, lighting, hydraulics, aerospace fuel systems and truck and auto powertrain systems. Products include uninterruptible power supply systems, hydraulic pumps, cylinders, clutches and circuit breakers. The company sells to both original equipment manufacturers and aftermarket customers.
The price of Eaton shares reached $91.79, which is 1.3% off the 52-week high of $92.96. The company has a market cap of $37.95 billion; its shares were traded around $91.79 with a price-earnings ratio of 16.30 and a price-sales ratio of 1.80. The trailing 12-month dividend yield is 3.09%. The forward dividend yield is 3.09%. Eaton had an annual average earnings growth of 6.90% over the past 10 years. GuruFocus rated Eaton's business predictability 2.5 out of five stars.
The power management company recently announced that earnings per share were $1.44 for the third quarter. Adjusted earnings per share, which exclude charges of 8 cents per share for the acquisition and divestiture transaction and integration costs, were $1.52. This represents an increase of 6% over the third quarter of 2018. Sales were $5.3 billion, down 2% from the prior-year quarter. Organic sales declined 1% and negative currency translation was 1.5%.
Craig Arnold sold 80,592 shares of Eaton on Nov. 12 for an average price of $91.83 per share. The stock has declined 0.04% since then.
Arconic Inc. (ARNC, Financial) reached the 52-week high of $30.86
Arconic manufactures value-added aluminum and specialty metals products for a wide variety of industrial end markets, including aerospace and defense, building and construction and automotive. In recent years, the company has embraced a growth-by-acquisition strategy, having completed nearly $5 billion of acquisitions since late 2014. Many of Arconic's key product lines will enjoy secular growth due to the need for lightweight and high-performance materials that hold up in harsh operating conditions.
The price of Arconic shares reached $30.86, which is 0.1% off the 52-week high of $30.90. Arconic has a market cap of $13.36 billion; its shares were traded around $30.86 with a price-earnings ratio of 40.08 and a price-sales ratio of 1.02. The trailing 12-month dividend yield is 0.39%. The forward dividend yield is 0.26%.
Arconic recently reported third-quarter results, for which the company reported revenue of $3.6 billion, up 1% year over year. Arconic reported net income of $95 million, or 21 cents per share, versus net income of $161 million, or 32 per share, in the year-ago quarter. Operating income was $326 million, down from $345 million last year.
Director James F. Albaugh bought 5,000 shares of Arconic on Nov. 12 for an average price of $29.50 per share. The share price has increased by 4.61% since then.
Everest Re Group Ltd. (RE, Financial) reached the 52-week high of $267.17
Everest Re is an insurance and reinsurance company with a distribution network. The company's segments include the U.S. Reinsurance segment, which writes property and casualty reinsurance and special lines of business, the International segment, which focuses on several international reinsurance markets, the Bermuda segment, which writes property and casualty reinsurance through Bermuda Re, the U.K. branch and Ireland Re, and the Insurance segment, which writes insurance including medical stop-loss insurance. The Mt. Logan Re segment provides insurance products against catastrophe risks.
The price of Everest Re. shares reached $267.17, which is 1.1% off the 52-week high of $270.09. The company has a market cap of $10.9 billion; its shares were traded around $267.17 with a price-earnings ratio of 26.74 and a price-sales ratio of 1.38. The trailing 12-month dividend yield is 2.10%. The forward dividend yield is 2.10%.
Everest Re recently reported third-quarter net income of $104.4 million, or $2.56 per diluted common share, compared to net income of $198.4 million, or $4.84 per diluted common share, in the prior-year quarter. After-tax operating income was $138.4 million, or $3.39 per diluted common share, compared to after-tax operating income of $167.5 million, or $4.09 per diluted common share, in the same period last year.
Teradyne Inc. (TER, Financial) reached the 52-week high of $66.77
Teradyne designs, develops and manufactures automatic test systems for use in semiconductors, wireless products, data storage and electronic systems in the wireless, automotive, industrial, communications, aerospace and defense industries. The company operates in four business segments organized by end market: semiconductor test, system test, wireless test and industrial automation. Teradyne tests help improve and control product quality, measure performance and increase yields. The company generates revenue primarily in Taiwan, China, the United States, Japan and South Korea, but has a presence in countries across the world.
The price of Teradyne shares reached $66.77, which is 0.6% off the 52-week high of $67.20. Teradyne has a market cap of $11.19 billion; its shares were traded around $66.77 with a price-earnings ratio of 24.64 and a price-sales ratio of 5.55. The trailing 12-month dividend yield is 0.54%. The forward dividend yield is 0.54%. The company had an annual average earnings growth of 14.80% over the past five years.
Teradyne recently reported revenue of $582 million for the third quarter, of which $398 million was from Semiconductor Test, $73 million from System Test, $69 million from Industrial Automation and $42 million from Wireless Test. GAAP net income was $135.9 million, or 75 cents per diluted share. On a non-GAAP basis, Teradyne’s net income in the third quarter was $133.4 million, or 77 cents per diluted share.
Walter G. Vahey, president of Systems Test Group, sold 25,012 shares of Teradyne on Oct. 25 for an average price of $63.62 per share. Since then, the share price has risen 4.95%.
ZTO Express (Cayman) Inc. (ZTO, Financial) reached the 52-week high of $22.37
ZTO Express is a delivery company in China. It provides express delivery service through its nationwide network as well as other value-added logistics services.
The price of ZTO Express shares reached $22.37, which is 1.4% off the 52-week high of $22.69. The company has a market cap of $17.5 billion; its shares were traded around $22.37 with a price-earnings ratio of 27.62 and a price-sales ratio of 6.15.
ZTO Express recently announced its unaudited financial results for the second quarter ended June 30. Revenue was 5.42 billion yuan ($790 billion), an increase of 29.2% from 4.19 billion yuan in the same period of 2018. Net income was 1.36 billion yuan, an 8.5% decrease from 1.49 billion yuan in the prior-year quarter. Adjusted net income was 1.37 billion yuan, up 25.6% from 1.09 billion a year ago.
Disclosure: I do not own the stocks discussed.
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