filings.toolsItem 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 Data— The Company's common stock is listed on the New York Stock Exchange. There were approximately 4,967 holders of record of common stock as of January 31, 2022. This number does not include beneficial owners of the Company's securities held in the name of nominees.
*Assumes $100 invested on 12/31/16 in stock or index, including reinvestment of dividends. Fiscal years ended December 31.
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The 2021 Peer Group consists of the following 17 public companies:
| 3M Company | Ecolab Inc. | Parker-Hannifin Corporation | ||||||
| Caterpillar Inc. | Emerson Electric Co. | PPG Industries, Inc. | ||||||
| Cummins Inc. | Fortive Corporation | Rockwell Automation, Inc. | ||||||
| Deere & Company | General Dynamics Corporation | Stanley Black & Decker, Inc. | ||||||
| Dover Corporation | Honeywell International Inc. | Trane Technologies plc | ||||||
| Eaton Corporation plc | Johnson Controls International plc |
The Compensation Committee of the Board of Directors of the Company reviews the peer group annually and from time to time changes the composition of the peer group where changes are appropriate. The 2021 Peer Group is consistent with the 2020 Peer Group. Fortive Corporation was added to the Company's peer group in 2017 and was excluded from the 2020 Peer Group five-year cumulative total return as there was insufficient historical data due to its spin-off from Danaher Corporation in 2016. For the 2021 Peer Group, Fortive Corporation was included in the five-year cumulative total return above.
Repurchases of Common Stock— On August 3, 2018, the Company's Board of Directors authorized a stock repurchase program which provides for the repurchase of up to $3.0 billion of the Company's common stock over an open-ended period
of time (the "2018 Program"). As of December 31, 2021, there were approximately $240 million of authorized repurchases remaining under the 2018 Program.
On May 7, 2021, the Company's Board of Directors authorized a new stock repurchase program which provides for the repurchase of up to an additional $3.0 billion of the Company's common stock over an open-ended period of time (the "2021 Program"). As of December 31, 2021, there were $3.0 billion of authorized repurchases remaining under the 2021 Program.
Share repurchase activity under the Company's share repurchase programs for the fourth quarter of 2021 was as follows:
| In millions except per share amounts | |||||||||||||||||||||||
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Maximum Value of Shares That May Yet Be Purchased Under Programs | |||||||||||||||||||
| October 2021 | — | $ | 227.47 | — | $ | 3,480 | |||||||||||||||||
| November 2021 | 0.7 | $ | 236.12 | 0.7 | $ | 3,336 | |||||||||||||||||
| December 2021 | 0.4 | $ | 239.66 | 0.4 | $ | 3,240 | |||||||||||||||||
| Total | 1.1 | 1.1 |
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