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Form 13F-HR ARGUS INVESTORS' COUNSEL For: Jun 30

August 11, 2015 3:23 PM EDT

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 06-30-2015
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ARGUS INVESTORS' COUNSEL, INC.
Address: HOLLY POND PLAZA
1281 E. MAIN STREET, FIRST FLOOR
STAMFORD , CT06902
Form 13F File Number: 028-00542

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Shari Benedict
Title: Director of Asset Management Operations
Phone: 203-316-9000
Signature, Place, and Date of Signing:
Sharon D. Wagoner Stamford , CT 08-11-2015
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 51
Form 13F Information Table Value Total: 242,994
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Co COM 88579Y101 5,170 33,505 SH SOLE 29,705 0 3,800
Air Prods & Chems Inc COM 009158106 4,784 34,965 SH SOLE 31,275 0 3,690
American Express Co COM 025816109 4,937 63,525 SH SOLE 56,975 0 6,550
Amgen Inc COM 031162100 4,969 32,365 SH SOLE 29,065 0 3,300
Apple Inc COM 037833100 5,754 45,880 SH SOLE 40,955 0 4,925
Archer Daniels Midland COM 039483102 4,852 100,625 SH SOLE 90,275 0 10,350
Automatic Data Process COM 053015103 4,711 58,720 SH SOLE 52,470 0 6,250
Becton Dickinson & Co COM 075887109 5,257 37,110 SH SOLE 33,055 0 4,055
Caterpillar Inc COM 149123101 5,087 59,970 SH SOLE 53,370 0 6,600
Chubb Corp COM 171232101 4,907 51,575 SH SOLE 45,875 0 5,700
Cisco Sys Inc COM 17275R102 4,689 170,775 SH SOLE 150,200 0 20,575
Coach Inc COM 189754104 4,321 124,850 SH SOLE 111,950 0 12,900
Corning Inc COM 219350105 4,482 227,145 SH SOLE 204,375 0 22,770
Costco Whsl Corp COM 22160K105 4,493 33,270 SH SOLE 29,585 0 3,685
Disney Walt Co COM 254687106 5,836 51,130 SH SOLE 45,405 0 5,725
Emerson Elec Co COM 291011104 4,005 72,260 SH SOLE 71,600 0 660
Exxon Mobil Corp COM 30231G102 4,734 56,900 SH SOLE 50,950 0 5,950
Fedex Corp COM 31428X106 5,022 29,470 SH SOLE 26,170 0 3,300
General Dynamics Corp COM 369550108 5,414 38,210 SH SOLE 34,285 0 3,925
General Electric Co COM 369604103 4,792 180,350 SH SOLE 178,800 0 1,550
Google Inc CL A COM 38259P508 3,346 6,195 SH SOLE 5,730 0 465
Google Inc CL C (NV) COM 38259P706 2,067 3,971 SH SOLE 3,455 0 516
Halliburton Co COM 406216101 474 11,000 SH SOLE 0 0 11,000
Home Depot Inc COM 437076102 5,782 52,025 SH SOLE 46,825 0 5,200
Illinois Tool Wks Inc COM 452308109 5,195 56,595 SH SOLE 50,605 0 5,990
Intel Corp COM 458140100 4,486 147,500 SH SOLE 130,850 0 16,650
International Bus Mach COM 459200101 4,573 28,115 SH SOLE 24,865 0 3,250
International Paper Co COM 460146103 4,612 96,910 SH SOLE 87,350 0 9,560
JPMorgan Chase & Co COM 46625H100 4,997 73,750 SH SOLE 73,000 0 750
Johnson & Johnson COM 478160104 4,922 50,505 SH SOLE 45,595 0 4,910
Kimberly Clark Corp COM 494368103 5,173 48,820 SH SOLE 44,420 0 4,400
McDonalds Corp COM 580135101 4,865 51,175 SH SOLE 45,775 0 5,400
Microsoft Corp COM 594918104 5,083 115,130 SH SOLE 103,380 0 11,750
Morgan Stanley COM 617446448 5,419 139,700 SH SOLE 124,000 0 15,700
Nucor Corp COM 670346105 4,621 104,850 SH SOLE 94,050 0 10,800
Occidental Petroleum COM 674599105 5,200 66,870 SH SOLE 59,670 0 7,200
Pepsico Inc COM 713448108 5,136 55,020 SH SOLE 49,270 0 5,750
Pfizer Inc COM 717081103 5,165 154,040 SH SOLE 137,640 0 16,400
Procter & Gamble Co COM 742718109 5,142 65,725 SH SOLE 59,450 0 6,275
Qualcomm Inc COM 747525103 4,493 71,740 SH SOLE 64,190 0 7,550
Ralph Lauren Corp COM 751212101 5,050 38,150 SH SOLE 34,230 0 3,920
Schlumberger Ltd COM 806857108 4,344 50,400 SH SOLE 49,900 0 500
Stryker Corp COM 863667101 5,205 54,465 SH SOLE 48,765 0 5,700
Time Warner Inc COM 887317303 5,042 57,680 SH SOLE 51,340 0 6,340
US Bancorp DE COM 902973304 5,307 122,270 SH SOLE 109,220 0 13,050
Unilever NV NY COM 904784709 4,351 103,980 SH SOLE 103,000 0 980
Union Pac Corp COM 907818108 4,691 49,190 SH SOLE 43,890 0 5,300
Verizon Comm COM 92343V104 5,122 109,900 SH SOLE 99,100 0 10,800
Wal-Mart Stores Inc COM 931142103 4,669 65,820 SH SOLE 59,520 0 6,300
Walgreens Boots Allian COM 931427108 5,155 61,050 SH SOLE 54,750 0 6,300
Zoetis Inc COM 98978V103 5,091 105,580 SH SOLE 93,100 0 12,480


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