filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
5K characters. Original on sec.gov ·
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
| --- | --- |
The Company’s common stock is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is listed on the New York Stock Exchange under the symbol “WAT”. As of February 21, 2019, the Company had 86 common stockholders of record. The Company has not declared or paid any dividends on its common stock in its past three fiscal years and does not intend to pay cash dividends in the foreseeable future. Any future determination to pay cash dividends will be made at the discretion of the Board of Directors and will depend on restrictions and other factors the Board of Directors may deem relevant. The Company has not made any sales of unregistered equity securities in the years ended December 31, 2018, 2017 or 2016.
Securities Authorized for Issuance under Equity Compensation Plans
Equity compensation plan information is incorporated by reference from Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, of this document and should be considered an integral part of this Item 5.
Table of Contents
Stock Price Performance Graph
The following performance graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference into such filing.
The following graph compares the cumulative total return on $100 invested as of December 31, 2013 (the last day of public trading of the Company’s common stock in fiscal year 2013) through December 31, 2018 (the last day of public trading of the common stock in fiscal year 2018) in the Company’s common stock, the NYSE Market Index, the SIC Code 3826 Index and the S&P 500 Index. The return of the indices is calculated assuming reinvestment of dividends during the period presented. The Company has not paid any dividends since its IPO. The stock price performance shown on the graph below is not necessarily indicative of future price performance.
COMPARISON OF CUMULATIVE TOTAL RETURN SINCE DECEMBER 31, 2013
AMONG WATERS CORPORATION, NYSE MARKET INDEX, SIC CODE 3826 INDEX – LABORATORY ANALYTICAL INSTRUMENTS AND S&P 500 INDEX
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |||||||||||||||||||
| WATERS CORPORATION | $ | 100.00 | $ | 112.72 | $ | 134.58 | $ | 134.39 | $ | 193.19 | $ | 188.65 | ||||||||||||
| NYSE MARKET INDEX | $ | 100.00 | $ | 106.75 | $ | 102.38 | $ | 114.61 | $ | 136.07 | $ | 123.89 | ||||||||||||
| SIC CODE INDEX | $ | 100.00 | $ | 127.50 | $ | 141.59 | $ | 130.44 | $ | 199.51 | $ | 210.24 | ||||||||||||
| S&P 500 INDEX | $ | 100.00 | $ | 113.69 | $ | 115.26 | $ | 129.05 | $ | 157.22 | $ | 150.33 |
Table of Contents
Purchases of Equity Securities by the Issuer
The following table provides information about purchases by the Company during the three months ended December 31, 2018 of equity securities registered by the Company under the Exchange Act (in thousands, except per share data):
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs (2) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Programs (2) | ||||||||||||
| September 30 to October 27, 2018 | 128 | $ | 182.79 | 128 | $ | 2,968,685 | ||||||||||
| October 28 to November 24, 2018 | 1,126 | $ | 195.56 | 1,126 | $ | 2,748,484 | ||||||||||
| November 25 to December 31, 2018 | 1,466 | $ | 189.54 | 1,460 | $ | 2,471,785 | ||||||||||
| Total | 2,720 | $ | 191.71 | 2,714 | $ | 2,471,785 | ||||||||||
| (1) | The Company repurchased 6 thousand shares of common stock at a cost of less than $1 million related to the vesting of restricted stock units during the three months ended December 31, 2018. |
|---|
| (2) | In April 2018, the Company’s Board of Directors authorized the repurchase of up to $3.5 billion of its outstanding common stock in open market or private transactions over a three-year period. In January 2019, the Company’s Board of Directors authorized the Company to repurchase up to $4 billion of its outstanding common stock in open market or private transactions over a two-year period. This new program replaced the remaining amounts available under the April 2018 authorization. |
|---|
Table of Contents
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data