Toro 2011 Annual Report Download - page 28

PART II
Shareholders – As of December 14, 2011, we had approximately
ITEM 5. MARKET FOR REGISTRANT’S
4,035 shareholders of record.
COMMON EQUITY, RELATED
STOCKHOLDER MATTERS, AND
Purchases of Equity Securities – The following table sets forth
ISSUER PURCHASES OF EQUITY
information with respect to shares of our common stock purchased
SECURITIES by the company during each of the three fiscal months in our
fourth quarter ended October 31, 2011.
Our common stock is listed for trading on the New York Stock
Exchange and trades under the symbol ‘‘TTC.’’ The high, low, and Total
last sales prices for our common stock and cash dividends paid for Number of Maximum
Shares Number of
each of the quarterly periods for fiscal 2011 and 2010 were as
Purchased Shares that
follows: as Part of May Yet be
Total Average Publicly Purchased
Fiscal year ended Number of Price Announced Under the
October 31, 2011 First Second Third Fourth Shares Paid Per Plans or Plans or
Period Purchased
1,2
Share Programs Programs
1,2
Market price per share of common
stock – July 30, 2011 through
High sales price $64.79 $67.95 $68.43 $56.56 August 26, 2011 14,059 $47.02 14,059 3,167,731
Low sales price 55.96 57.58 51.86 45.05 August 27, 2011 through
Last sales price 60.71 67.91 53.83 54.04 September 30, 2011 689,574
3
51.58 689,347 2,478,384
Cash dividends per share of October 1, 2011 through
common stock
1
0.20 0.20 0.20 0.20 October 31, 2011 447,110
4
50.53 445,526 2,032,858
Total 1,150,743 $51.12 1,148,932
Fiscal year ended
1
On July 21, 2009, the Board of Directors authorized the repurchase of 5,000,000
October 31, 2010 First Second Third Fourth shares of our common stock in open-market or in privately negotiated transac-
tions. This program has no expiration date but may be terminated by the Board at
Market price per share of common
any time. We purchased an aggregate of 181,790 shares during the period indi-
stock –
cated above under this program. There are no shares remaining for repurchase
High sales price $43.91 $57.50 $58.50 $58.00
under this program.
Low sales price 36.47 37.50 46.32 48.39
2
On December 1, 2010, the Board of Directors authorized the repurchase of
Last sales price 38.95 56.94 52.05 56.76
3,000,000 shares of our common stock in open-market or in privately negotiated
Cash dividends per share of common
transactions. This program has no expiration date but may be terminated by the
stock
1
0.18 0.18 0.18 0.18
Board at any time. We purchased an aggregate of 967,142 shares during the
1
Future cash dividends will depend upon our financial condition, capital require- period indicated above under this program.
ments, results of operations, and other factors deemed relevant by the Board of
3
Includes 227 shares of our common stock surrendered by employees to satisfy
Directors. minimum tax withholding obligations upon vesting of restricted stock granted
under our stock-based compensation plans. These 227 shares were not repur-
Common Stock – 100,000,000 shares authorized, $1.00 par chased under our repurchase programs, as described in footnotes 1 and 2 above.
value, 29,603,095 and 31,394,942 shares outstanding as of Octo-
4
Includes 1,584 units (shares) of our common stock purchased in open-market
ber 31, 2011 and 2010, respectively. transactions at an average price of $51.83 per share on behalf of a rabbi trust
formed to pay benefit obligations to participants in deferred compensation plans.
Preferred Stock – 1,000,000 voting shares and 850,000 These 1,584 shares were not repurchased under our repurchase programs, as
non-voting shares authorized, $1.00 par value, no shares described in footnotes 1 and 2 above.
outstanding.
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