filings.toolsItem 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange with the ticker symbol “A”. The following table sets forth the high and low sale prices and the dividend declarations per quarter for the 2015 and 2016 fiscal years as reported in the consolidated transaction reporting system for the New York Stock Exchange:
| Fiscal 2015 | High | Low | Dividends | |||||||||
| First Quarter (ended January 31, 2015) | $ | 42.99 | $ | 37.68 | $ | 0.10 | ||||||
| Second Quarter (ended April 30, 2015) | $ | 43.59 | $ | 37.71 | $ | 0.10 | ||||||
| Third Quarter (ended July 31, 2015) | $ | 42.93 | $ | 38.48 | $ | 0.10 | ||||||
| Fourth Quarter (ended October 31, 2015) | $ | 41.35 | $ | 33.12 | $ | 0.10 | ||||||
| Fiscal 2016 | High | Low | Dividends | |||||||||
| First Quarter (ended January 31, 2016) | $ | 42.48 | $ | 36.01 | $ | 0.115 | ||||||
| Second Quarter (ended April 30, 2016) | $ | 42.00 | $ | 34.15 | $ | 0.115 | ||||||
| Third Quarter (ended July 31, 2016) | $ | 48.18 | $ | 40.39 | $ | 0.115 | ||||||
| Fourth Quarter (ended October 31, 2016) | $ | 48.63 | $ | 43.11 | $ | 0.115 |
As of December 1, 2016, there were 24,949 common stockholders of record.
During fiscal 2016, we issued four quarterly dividends of $0.115 per share. All decisions regarding the declaration and payment of dividends are at the discretion of our Board of Directors and will be evaluated regularly in light of our financial condition, earnings, growth prospects, funding requirements, applicable law, and any other factors that our Board deems relevant. The information required by this item with respect to equity compensation plans is included under the caption Equity Compensation Plans in our proxy statement for the annual meeting of stockholders to be held March 15, 2017, to be filed with the Securities and Exchange Commission pursuant to Regulation 14A, and is incorporated herein by reference.
STOCK PRICE PERFORMANCE GRAPH
The graph below shows the cumulative total stockholder return on our common stock with the cumulative total return of the S&P 500 Index; our Current Peer Group Index (a) and our Old Peer Group Index (b) assuming an initial investment of $100 on October 31, 2011 and the reinvestment of all dividends. We have selected Danaher Corporation to replace the entire S&P Industrials Sector as we believe Danaher more closely matches our company characteristics than the majority of the companies included in the S&P Industrials Sector, which was previously included in the Old Peer Group Index. Agilent’s stock price performance shown in the following graph is not indicative of future stock price performance. The data for this performance graph was compiled for us by Standard and Poor’s.
| INDEXED RETURNS | ||||||
| Base | Years Ending | |||||
| Period | ||||||
| Company Name / Index | 10/31/11 | 10/31/12 | 10/31/13 | 10/31/14 | 10/31/15 | 10/31/16 |
| Agilent Technologies | 100 | 97.81 | 139.39 | 153.23 | 145.42 | 169.58 |
| S&P 500 | 100 | 115.21 | 146.52 | 171.82 | 180.75 | 188.90 |
| New Peer Group | 100 | 120.61 | 160.47 | 200.11 | 210.61 | 205.57 |
| Old Peer Group | 100 | 118.15 | 159.32 | 193.66 | 201.90 | 203.76 |
(a) Our New Peer Group Index includes all companies in the S&P 500 Healthcare Sector, Materials Sector and Danaher. In July, Danaher was moved from the S&P Industrial Sector to the S&P Healthcare Sector.
(b) Our Old Peer Group Index includes all companies in the S&P 500 Healthcare Sector, Materials Sector and Industrials Sector.
(c) On November 1, 2014, we completed the spin-off of our electronic measurement business into an independent publicly traded company called Keysight Technologies, Inc. The cumulative returns of our common stock have been adjusted to reflect the spin-off.
ISSUER PURCHASES OF EQUITY SECURITIES
The table below summarizes information about the Company’s purchases, based on trade date; of its equity securities registered pursuant to Section 12 of the Exchange Act during the quarterly period ended October 31, 2016. The total number of shares of common stock purchased by the Company during the fiscal year ended October 31, 2016 is 10,829,981 shares.
| Period | Total Number of Shares of Common Stock Purchased(1) | Weighted Average Price Paid per Share of Common Stock(2) | Total Number of Shares of Common Stock Purchased as Part of Publicly Announced Plans or Programs(1) | Maximum Approximate Dollar Value of Shares of Common Stock that May Yet Be Purchased Under the Plans or Programs (in millions)(1) | ||||||||||
| Aug. 1, 2016 through Aug. 31, 2016 | — | — | — | $ | 850 | |||||||||
| Sep. 1, 2016 through Sep. 30, 2016 | 447,978 | 45.25 | 447,978 | $ | 830 | |||||||||
| Oct. 1, 2016 through Oct. 31, 2016 | 710,874 | $ | 44.83 | 710,874 | $ | 798 | ||||||||
| Total | 1,158,852 | $ | 45.00 | 1,158,852 |
| (1) | On May 28, 2015, we announced that our board of directors had approved a new share repurchase program (the "2015 repurchase program"). The 2015 repurchase program authorizes the purchase of up to $1.14 billion of our common stock through and including November 1, 2018. The 2015 repurchase program does not require the company to acquire a specific number of shares and may be suspended or discontinued at any time. All such shares and related costs, except for 150,000 shares purchased in October 2016 that had not settled as of October 31, 2016, are held as treasury stock and accounted for using the cost method. |
| (2) | The weighted average price paid per share of common stock does not include the cost of commissions. |
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