Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Common Stock Price and Dividend Data—The Company's common stock is listed on the New York Stock Exchange. Quarterly market price and dividend data for 2015 and 2014 were as shown below:



	Market Price Per Share				Dividends Declared Per Share
	High		Low
2015:
Fourth quarter	$	95.00	$	80.16	$	0.55
Third quarter	94.33		78.79		0.55
Second quarter	99.92		91.41		0.485
First quarter	100.14		90.43		0.485
2014:
Fourth quarter	$	97.79	$	79.06	$	0.485
Third quarter	89.58		81.72		0.485
Second quarter	89.50		80.80		0.42
First quarter	84.12		76.25		0.42

There were approximately 6,822 holders of record of common stock as of January 31, 2016. This number does not include beneficial owners of the Company's securities held in the name of nominees.

*Assumes $100 invested on 12/31/10 in stock or index, including reinvestment of dividends. Fiscal year ended December 31.

In 2015, the Company replaced the S&P Industrial Conglomerates index with the following group of 19 public companies which represents the Company's peer group:



3M Company	E.I. du Pont de Nemours and Company	Masco Corporation
BorgWarner Inc.	Eaton Corporation plc	Parker-Hannifin Corporation
Caterpillar Inc.	Emerson Electric Co.	PPG Industries, Inc.
Cummins Inc.	Honeywell International Inc.	Pentair plc
Danaher Corporation	Ingersoll-Rand plc	Stanley Black & Decker, Inc.
Deere & Company	Johnson Controls, Inc.	Textron Inc.
Dover Corporation

Repurchases of Common Stock—On February 13, 2015, the Company’s Board of Directors authorized a stock repurchase program which provides for the repurchase of up to $6.0 billion of the Company’s common stock over an open-ended period of time (the "2015 Program"). As of December 31, 2015, there were approximately $5.4 billion of authorized repurchases remaining under the 2015 Program. There was no share repurchase activity under the Company's share repurchase program for the fourth quarter of 2015.

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