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
The Company’s common stock is listed and traded on the New York Stock Exchange, Inc. (“NYSE”) under the abbreviated ticker symbol “SWK”, and is a component of the Standard & Poor’s (“S&P”) 500 Composite Stock Price Index. The Company’s high and low quarterly stock prices on the NYSE for the years ended January 2, 2021 and December 28, 2019 follow:
| 2020 | 2019 | |||||||||||||||||||||||||||||||||||||
| High | Low | Dividend Per Common Share | High | Low | Dividend Per Common Share | |||||||||||||||||||||||||||||||||
| QUARTER: | ||||||||||||||||||||||||||||||||||||||
| First | $ | 172.53 | $ | 72.03 | $ | 0.69 | $ | 138.92 | $ | 115.69 | $ | 0.66 | ||||||||||||||||||||||||||
| Second | $ | 148.23 | $ | 92.13 | $ | 0.69 | $ | 153.08 | $ | 127.22 | $ | 0.66 | ||||||||||||||||||||||||||
| Third | $ | 166.25 | $ | 135.61 | $ | 0.70 | $ | 152.51 | $ | 128.85 | $ | 0.69 | ||||||||||||||||||||||||||
| Fourth | $ | 190.94 | $ | 161.48 | $ | 0.70 | $ | 167.76 | $ | 135.09 | $ | 0.69 | ||||||||||||||||||||||||||
| Total | $ | 2.78 | $ | 2.70 |
As of February 5, 2021, there were 9,029 holders of record of the Company’s common stock. Information required by Item 201(d) of Regulation S-K concerning securities authorized for issuance under equity compensation plans can be found under Item 12 of this Annual Report on Form 10-K.
Issuer Purchases of Equity Securities
The following table provides information about the Company’s purchases of equity securities that are registered by the Company pursuant to Section 12 of the Securities Exchange Act of 1934 for the three months ended January 2, 2021:
| 2020 | Total Number Of Shares Purchased (a) | Average Price Paid Per Share | Total Number Of Shares Purchased As Part Of A Publicly Announced Plan or Program | Maximum Number Of Shares That May Yet Be Purchased Under The Program (b) | ||||||||||||||||||||||
| September 27 - October 31 | 3,494 | $ | 175.67 | — | 11,450,000 | |||||||||||||||||||||
| November 1 - November 28 | 11 | $ | 164.57 | — | 11,450,000 | |||||||||||||||||||||
| November 29 - January 2 | 79,591 | $ | 176.76 | — | 11,450,000 | |||||||||||||||||||||
| Total | 83,096 | $ | 176.71 | — | 11,450,000 |
(a)The shares of common stock in this column were deemed surrendered to the Company by participants in various benefit plans of the Company to satisfy the participants’ taxes related to vesting or delivery of time-vesting restricted share units under those plans.
(b)On July 20, 2017, the Board of Directors approved a new repurchase program for up to 15.0 million shares of the Company’s common stock and terminated its previously approved repurchase program. As of January 2, 2021, the authorized shares available for repurchase under the new repurchase program totaled approximately 11.5 million shares. The currently authorized shares available for repurchase do not include approximately 3.6 million shares reserved and authorized for purchase under the Company’s previously approved repurchase program relating to a forward share purchase contract entered into in March 2015. Refer to Note J, Capital Stock, of the Notes to Consolidated Financial Statements in Item 8 for further discussion.
Stock Performance Graph
The following line graph compares the yearly percentage change in the Company’s cumulative total shareholder return for the last five years to that of the S&P 500 Index and the S&P 500 Industrials Index. The Company has decided to use the S&P 500 Industrials Index, which is utilized by a number of the Company’s industrial peers, for the purpose of this disclosure.
| THE POINTS IN THE ABOVE TABLE ARE AS FOLLOWS: | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |||||||||||||||||||||||||||||
| Stanley Black & Decker | $ | 100.00 | $ | 109.65 | $ | 165.01 | $ | 117.68 | $ | 167.54 | $ | 183.69 | |||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 111.95 | $ | 136.38 | $ | 129.28 | $ | 171.90 | $ | 202.96 | |||||||||||||||||||||||
| S&P 500 Industrials | $ | 100.00 | $ | 110.16 | $ | 135.19 | $ | 130.05 | $ | 174.00 | $ | 213.76 |
The comparison assumes $100 invested at the closing price on January 2, 2016 in the Company’s common stock, S&P 500 Index, and S&P 500 Industrials Index. Total return assumes reinvestment of dividends.
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