Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
3K characters. Original on sec.gov ·
Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
For information regarding dividends paid and the number of holders of the Company’s common stock, see the table entitled "Selected Quarterly Financial Data and Supplemental Information (Unaudited)" below on the last page of Part II, Item 8 ("Financial Statements and Other Supplementary Data") of this report.
The Company’s common stock is listed on the New York, Chicago and London Stock Exchanges. The following table indicates the high and low prices (NYSE composite quotations) of the Company’s common stock during 2019 and 2018 and each quarterly period thereof:
| 2019 Stock Price Range | 2018 Stock Price Range | |||||||
| High | Low | High | Low | |||||
| First Quarter | $94.96 | $77.85 | $85.94 | $78.69 | ||||
| Second Quarter | $100.20 | $91.67 | $84.52 | $78.60 | ||||
| Third Quarter | $103.37 | $94.81 | $87.89 | $81.38 | ||||
| Fourth Quarter | $113.94 | $95.00 | $89.59 | $74.30 | ||||
| Full Year | $113.94 | $77.85 | $89.59 | $74.30 |
On February 18, 2020, the closing price of the Company’s common stock on the NYSE was $119.45.
During 2019, the Company repurchased 4.8 million shares of its common stock for total consideration of $485 million. In November 2019, the Board of Directors of the Company authorized the Company to repurchase up to $2.5 billion in shares of the Company's common stock, which superseded any prior authorizations. As of December 31, 2019, the Company remained authorized to repurchase up to approximately $2.4 billion in shares of its common stock. There is no time limit on the authorization.
| Period | Total Number of Shares (or Units) Purchased | Average Price Paid per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||
| Oct 1-31, 2019 | 553,907 | $ | 97.4891 | 553,907 | $ | 511,753,209 | ||||||||
| Nov 1-30, 2019 | 685,452 | $ | 105.0219 | 685,452 | $ | 2,482,000,302 | ||||||||
| Dec 1-31, 2019 | 537,171 | $ | 109.858 | 537,171 | $ | 2,422,987,756 | ||||||||
| Total | 1,776,530 | $ | 104.1355 | 1,776,530 | $ | 2,422,987,756 |
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