Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GWW	GRAINGER WW INC	22,786	$6.433M	3.0%	$282.32 *	$201.89	+27.5%	COM	384802104
SBUX	STARBUCKS CORP	94,399	$6.079M	2.9%	$64.40 *	$32.51	+70.2%	COM	855244109
—	LINDE PLC COM	33,652	$5.251M	2.5%	$156.04	$156.04	—	COM	G5494J103
MA	MASTERCARD INC	27,531	$5.193M	2.5%	$188.62 *	$70.62	+156.8%	COM	57636Q104
XOM	EXXON MOBIL CORP	62,121	$4.236M	2.0%	$68.19 *	$54.15	-9.0%	COM	30231G102
ADP	AUTO DATA PROCESSING	30,724	$4.028M	1.9%	$131.10 *	$46.19	+144.8%	COM	053015103
HSY	HERSHEY FOODS CORP	37,470	$4.016M	1.9%	$107.18 *	$65.77	+38.5%	COM	427866108
APD	AIR PRODUCTS & CHEMICALS	24,717	$3.955M	1.9%	$160.01 *	$65.22	+107.6%	COM	009158106
JNJ	JOHNSON & JOHNSON	29,623	$3.822M	1.8%	$129.02 *	$59.93	+76.9%	COM	478160104
PEP	PEPSICO INCORPORATED	33,637	$3.716M	1.8%	$110.47 *	$56.24	+58.9%	COM	713448108
CVX	CHEVRONTEXACO CORP	34,141	$3.714M	1.8%	$108.78 *	$73.81	+8.4%	COM	166764100
IFF	INTL FLAVOR & FRAGRANCES	27,051	$3.632M	1.7%	$134.26 *	$58.56	+90.8%	COM	459506101
TSCO	TRACTOR SUPPLY COMPANY	41,440	$3.457M	1.6%	$83.42 *	$9.94	+50.7%	COM	892356106
TXN	TEXAS INSTRUMENTS INC	36,526	$3.451M	1.6%	$94.48 *	$25.31	+206.1%	COM	882508104
SYY	SYSCO CORP.	53,371	$3.344M	1.6%	$62.66 *	$24.48	+111.7%	COM	871829107
ABBV	ABBVIE INC COM	34,480	$3.178M	1.5%	$92.17 *	$26.65	+155.3%	COM	00287Y109
A	AGILENT TECHNOLOGIES	45,351	$3.059M	1.4%	$67.45 *	$28.57	+124.8%	COM	00846U101
MKC	MC CORMICK & CO NEW VT	21,090	$2.936M	1.4%	$139.21 *	$29.12	+109.5%	COM	579780206
EMR	EMERSON ELECTRIC	49,105	$2.934M	1.4%	$59.75 *	$41.26	+22.9%	COM	291011104
BR	BROADRIDGE FINANCIAL	28,875	$2.779M	1.3%	$96.24 *	$20.36	+319.8%	COM	11133T103
MSFT	MICROSOFT CORP	27,156	$2.758M	1.3%	$101.56 *	$27.57	+244.7%	COM	594918104
ABT	ABBOTT LABORATORIES	36,972	$2.674M	1.3%	$72.33 *	$28.96	+121.0%	COM	002824100
UNP	UNION PACIFIC CORP	19,301	$2.667M	1.3%	$138.18 *	$67.70	+74.9%	COM	907818108
BF/B	BROWN FORMAN CORP CL B	54,374	$2.587M	1.2%	$47.58 *	$31.39	+34.6%	COM	115637209
KMB	KIMBERLY-CLARK CORP	22,527	$2.566M	1.2%	$113.91 *	$63.26	+41.1%	COM	494368103
SON	SONOCO PRODUCTS INC	42,353	$2.25M	1.1%	$53.12 *	$27.12	+53.5%	COM	835495102
FIS	FIDELITY NATL INFO SVCS	21,840	$2.239M	1.1%	$102.52 *	$35.22	+155.1%	COM	31620M106
—	INGERSOLL-RAND COMPANY	24,410	$2.226M	1.1%	$91.19	$56.45	—	COM	G47791101
DRI	DARDEN RESTURANTS INC	21,150	$2.112M	1.0%	$99.86 *	$33.70	+143.4%	COM	237194105
MIDD	MIDDLEBY CORP THE	20,525	$2.108M	1.0%	$102.70	$73.60	+39.6%	COM	596278101
DIS	DISNEY WALT HOLDING CO	18,873	$2.069M	1.0%	$109.63 *	$59.07	+79.2%	COM	254687106
GRC	GORMAN-RUPP CO COM	63,372	$2.053M	1.0%	$32.40	$25.45	+27.3%	COM	383082104
CPK	CHESAPEAKE UTIL CORP	24,351	$1.979M	0.9%	$81.27 *	$30.46	+134.0%	COM	165303108
EL	LAUDER ESTEE CORP CL A	14,222	$1.85M	0.9%	$130.08 *	$58.38	+103.9%	COM	518439104
—	WESTROCK CO COM	48,771	$1.841M	0.9%	$37.75	$50.84	—	COM	96145D105
ASIX	ADVANSIX INC COM	73,276	$1.783M	0.8%	$24.33 *	$16.41	+35.5%	COM	00773T101
AAPL	APPLE, INC	11,111	$1.752M	0.8%	$157.68 *	$19.39	+93.4%	COM	037833100
MMM	3M COMPANY	9,010	$1.716M	0.8%	$190.46 *	$61.68	+100.4%	COM	88579Y101
DE	DEERE & CO	11,250	$1.678M	0.8%	$149.16 *	$69.76	+93.4%	COM	244199105
—	VERSUM MATLS INC COM	59,990	$1.662M	0.8%	$27.70	$28.07	—	COM	92532W103
KEYS	KEYSIGHT TECHNOLOGIES INC COM	25,524	$1.584M	0.7%	$62.06	$31.97	+94.2%	COM	49338L103
KEX	KIRBY CORP	23,233	$1.564M	0.7%	$67.32	$77.91	-13.5%	COM	497266106
NSC	NORFOLK SOUTHERN CORP	10,355	$1.548M	0.7%	$149.49 *	$57.67	+124.8%	COM	655844108
VLO	VALERO ENERGY	20,650	$1.548M	0.7%	$74.96 *	$25.07	+124.5%	COM	91913Y100
—	BUNGE	28,892	$1.543M	0.7%	$53.41	$69.85	—	COM	G16962105
CASY	CASEYS GENERAL STORES INC	11,960	$1.532M	0.7%	$128.09 *	$64.27	+90.1%	COM	147528103
KO	COCA-COLA COMPANY	32,228	$1.525M	0.7%	$47.32 *	$27.91	+36.8%	COM	191216100
HD	HOME DEPOT INC	8,618	$1.48M	0.7%	$171.73 *	$56.73	+155.0%	COM	437076102
—	STERIS PLC	13,126	$1.402M	0.7%	$106.81	$55.99	—	COM	859152100
AIN	ALBANY INT'L CORP.	22,400	$1.398M	0.7%	$62.41 *	$31.74	+80.7%	COM	012348108
MSA	MINE SAFTEY APPLIANCE CO	14,650	$1.381M	0.7%	$94.27	$54.90	+71.7%	COM	553498106
GT	GOODYEAR TIRE & RUBBER	66,340	$1.353M	0.6%	$20.39	$20.13	+1.4%	COM	382550101
AVT	AVNET INC	37,425	$1.351M	0.6%	$36.10 *	$25.85	+17.3%	COM	053807103
—	EATON CORPORATION	19,529	$1.34M	0.6%	$68.62	$66.81	—	COM	278058102
HON	HONEYWELL INC.	9,947	$1.314M	0.6%	$132.10 *	$54.09	+99.1%	COM	438516106
OLN	OLIN CORP NEW	61,175	$1.23M	0.6%	$20.11 *	$16.92	-2.4%	COM	680665205
COST	COSTCO WHOLSALE CORP NEW	6,041	$1.23M	0.6%	$203.61 *	$88.47	+108.5%	COM	22160K105
AIT	APPLIED INDL. TECH.	22,800	$1.229M	0.6%	$53.90 *	$40.43	+21.4%	COM	03820C105
MPC	MARATHON PETE CORP COM	20,819	$1.228M	0.6%	$58.98 *	$44.97	+4.8%	COM	56585A102
—	NEENAH PAPER INC	20,676	$1.218M	0.6%	$58.91	$32.13	—	COM	640079109
CTAS	CINTAS CORP	7,251	$1.218M	0.6%	$167.98 *	$9.70	+305.5%	COM	172908105
GIS	GENERAL MILLS INC	30,690	$1.195M	0.6%	$38.94 *	$32.05	-5.1%	COM	370334104
ATO	ATMOS ENERGY CORP	12,826	$1.189M	0.6%	$92.70 *	$32.40	+141.7%	COM	049560105
PH	PARKER-HANNIFIN CORP	7,900	$1.178M	0.6%	$149.11 *	$107.64	+24.8%	COM	701094104
AXP	AMERICAN EXPRESS CO.	12,360	$1.178M	0.6%	$95.31 *	$62.75	+38.0%	COM	025816109
GAP	GAP INC	44,750	$1.152M	0.5%	$25.74 *	$25.95	-22.9%	COM	364760108
CE	CELANESE CORP.	12,700	$1.142M	0.5%	$89.92 *	$46.08	+70.7%	COM	150870103
LOW	LOWES COMPANIES INC	12,304	$1.136M	0.5%	$92.33 *	$32.55	+149.4%	COM	548661107
NTRS	NORTHERN TRUST CORP	13,583	$1.135M	0.5%	$83.56 *	$40.63	+66.2%	COM	665859104
ADI	ANALOG DEVICES INC	12,584	$1.08M	0.5%	$85.82 *	$34.29	+120.2%	COM	032654105
CAT	CATERPILLAR INC	8,453	$1.074M	0.5%	$127.06 *	$63.39	+72.1%	COM	149123101
COP	CONOCOPHILLIPS	17,187	$1.071M	0.5%	$62.31 *	$42.93	+14.1%	COM	20825C104
—	OWENS ILLINOIS INC NEW	59,800	$1.03M	0.5%	$17.22	$18.07	—	COM	690768403
SR	SPIRE	13,900	$1.029M	0.5%	$74.03	$70.79	—	COM	84857L101
OKE	ONEOK, INC	18,649	$1.006M	0.5%	$53.94 *	$19.60	+75.1%	COM	682680103
NEM	NEWMONT MINING	27,826	$964K	0.5%	$34.64 *	$21.31	+31.1%	COM	651639106
BMY	BRISTOL MYERS SQUIBB CO	18,233	$947K	0.4%	$51.94 *	$29.05	+36.5%	COM	110122108
TKR	TIMKEN COMPANY	25,300	$944K	0.4%	$37.31	$39.59	-5.7%	COM	887389104
VZ	VERIZON COMM	16,718	$939K	0.4%	$56.17 *	$27.54	+39.1%	COM	92343V104
MET	METLIFE INC	22,682	$931K	0.4%	$41.05 *	$26.65	+21.4%	COM	59156R108
—	CHUBB CORPORATION	6,942	$896K	0.4%	$129.07	$91.28	—	COM	171232101
SYK	STRYKER CORP	5,600	$877K	0.4%	$156.61 *	$60.41	+140.9%	COM	863667101
FELE	FRANKLIN ELEC CO INC	20,200	$866K	0.4%	$42.87 *	$28.98	+37.4%	COM	353514102
—	DOWDUPONT INC COM	15,962	$853K	0.4%	$53.44	$67.79	—	COM	26078J100
—	21ST CENT FOX Cl A	17,300	$832K	0.4%	$48.09	$33.49	—	COM	90130A101
D	DOMINION RESOURCES INC.	11,600	$828K	0.4%	$71.38 *	$35.34	+48.5%	COM	25746U109
SWK	STANLEY BLACK & DECKER INC.	6,790	$813K	0.4%	$119.73 *	$57.30	+70.6%	COM	854502101
—	UNITED TECHNOLOGIES CORP	7,615	$810K	0.4%	$106.37	$94.12	—	COM	913017109
MRK	MERCK & CO INC	10,272	$784K	0.4%	$76.32 *	$30.79	+90.6%	COM	58933Y105
GLW	CORNING INC.	25,925	$783K	0.4%	$30.20 *	$10.87	+128.6%	COM	219350105
—	ROWAN COMPANIES	91,129	$764K	0.4%	$8.38	$33.61	—	COM	779382100
—	DUKE ENERGY CORPORATION	8,857	$764K	0.4%	$86.26	$67.96	—	COM	26441C105
NGVT	INGEVITY CORP COM	8,679	$726K	0.3%	$83.65	$33.11	+152.7%	COM	45688C107
MUR	MURPHY OIL CORP	30,970	$724K	0.3%	$23.38 *	$34.50	-47.6%	COM	626717102
HP	HELMERICH & PAYNE INC	15,000	$719K	0.3%	$47.93	$63.04	-24.0%	COM	423452101
CVGW	CALAVO GROWERS INC	9,800	$715K	0.3%	$72.96 *	$25.96	+145.4%	COM	128246105
AMAT	APPLIED MATERIALS INC	21,150	$692K	0.3%	$32.72 *	$12.71	+139.0%	COM	038222105
DOV	DOVER CORPORATION	9,425	$668K	0.3%	$70.88 *	$41.67	+53.7%	COM	260003108
BHF	BRIGHTHOUSE FINL INC COM	21,836	$665K	0.3%	$30.45	$59.13	-48.4%	COM	10922N103
MUSA	MURPHY USA INC.	8,593	$658K	0.3%	$76.57 *	$40.01	+86.2%	COM	626755102
ENB	ENBRIDGE INC.	21,003	$652K	0.3%	$31.04 *	$24.58	-20.3%	COM	29250N105
BK	BANK OF NEW YORK CO INC	13,700	$644K	0.3%	$47.01 *	$21.22	+81.4%	COM	064058100
ATI	ALLEGHENY TECH INC	29,000	$631K	0.3%	$21.76	$16.62	+31.0%	COM	01741R102
PFE	PFIZER INC	14,449	$630K	0.3%	$43.60 *	$17.19	+74.8%	COM	717081103
CSX	CSX CORP	9,900	$615K	0.3%	$62.12 *	$6.91	+172.9%	COM	126408103
ALLE	ALLEGION PUBLIC LTD. CO.	7,401	$589K	0.3%	$79.58 *	$39.31	+85.7%	COM	G0176J109
—	AMERITRADE HLDNG CORP CL A	11,850	$580K	0.3%	$48.95	$24.54	—	COM	87236Y108
GPC	GENUINE PARTS CO COM	5,960	$572K	0.3%	$95.97 *	$55.02	+42.6%	COM	372460105
—	CDK GLOBAL HOLDINGS LLC COM	11,502	$550K	0.3%	$47.82	$41.70	—	COM	12508E101
INTC	INTEL	11,338	$532K	0.3%	$46.92 *	$17.42	+131.9%	COM	458140100
—	CREE INC	12,300	$526K	0.2%	$42.76	$63.79	—	COM	225447101
SLB	SCHLUMBERGER LTD F	14,230	$513K	0.2%	$36.05 *	$53.97	-45.1%	COM	806857108
PSX	PHILLIPS 66 COM	5,731	$493K	0.2%	$86.02 *	$40.67	+59.6%	COM	718546104
AWR	AMERICAN STATES WATER CO	7,100	$475K	0.2%	$66.90 *	$21.56	+172.5%	COM	029899101
—	KANSAS CITY SOUTHERN NEW	4,800	$458K	0.2%	$95.42	$106.53	—	COM	485170302
ICE	INTERCONTINENTAL EXCHANGE	6,000	$451K	0.2%	$75.17 *	$46.42	+48.4%	COM	45866F104
SHW	SHERWIN WILLIAMS CO	1,100	$432K	0.2%	$392.73 *	$53.48	+130.4%	COM	824348106
WFC	WELLS FARGO & CO NEW	8,942	$412K	0.2%	$46.07 *	$27.89	+36.1%	COM	949746101
—	MEREDITH CORP.	7,500	$389K	0.2%	$51.87	$47.73	—	COM	589433101
ARTNA	ARTESIAN RES CORP CLA	11,100	$387K	0.2%	$34.86 *	$15.52	+82.9%	COM	043113208
PAG	PENSKE AUTOMOTIVE GROUP	9,300	$374K	0.2%	$40.22	$31.60	+27.6%	COM	70959W103
NTR	NUTRIEN LTD CO COM	7,960	$374K	0.2%	$46.98 *	$38.37	-3.1%	COM	67077M108
OGS	ONE GAS INC COM	4,608	$366K	0.2%	$79.43	$38.82	+105.1%	COM	68235P108
—	DENNYS CORP	22,500	$364K	0.2%	$16.18	$5.70	—	COM	24869P104
BP	BP PLC	9,320	$353K	0.2%	$37.88	$42.86	-11.5%	COM	055622104
CPB	CAMPBELL SOUP COMPANY	10,000	$329K	0.2%	$32.90 *	$30.19	-13.7%	COM	134429109
IP	INTERNATIONAL PAPER CO	8,175	$329K	0.2%	$40.24 *	$27.17	+2.6%	COM	460146103
FARM	FARMER BROS. CO.	14,100	$328K	0.2%	$23.26 *	$33.02	-26.7%	COM	307675108
AMGN	AMGEN INC	1,680	$327K	0.2%	$194.64 *	$79.04	+98.7%	COM	031162100
PCAR	PACCAR INC	5,700	$325K	0.2%	$57.02 *	$22.31	+32.1%	COM	693718108
AEP	AMER ELECTRIC PWR CO INC	4,320	$322K	0.2%	$74.54 *	$30.99	+88.4%	COM	025537101
FLR	FLUOR CORPORATION	9,800	$315K	0.1%	$32.14 *	$52.93	-41.6%	COM	343412102
CMA	COMERICA INC.	4,393	$301K	0.1%	$68.52 *	$34.93	+61.8%	COM	200340107
AZN	ASTRAZENECA PLC ADR	7,900	$300K	0.1%	$37.97	$43.84	—	COM	046353108
IBM	INTL BUSINESS MACHINES	2,586	$293K	0.1%	$113.30 *	$118.79	-32.6%	COM	459200101
—	AEROJET ROCKETDYNE HLDGS INC C OM	8,200	$288K	0.1%	$35.12	$35.00	—	COM	007800105
HBAN	HUNTINGTON BANCSHARES INC	23,726	$282K	0.1%	$11.89 *	$4.90	+76.3%	COM	446150104
CFR	CULLEN FROST BANKERS	3,100	$272K	0.1%	$87.74 *	$53.82	+32.2%	COM	229899109
—	NUVEEN TX QLTY INCM MUN	21,300	$263K	0.1%	$12.35	$13.61	—	COM	670983105
—	ANGLOGOLD LTD	20,940	$262K	0.1%	$12.51	$14.30	—	COM	035128206
—	TWENTY FIRST CENTURY FOX INC CLASS B COM	5,400	$258K	0.1%	$47.78	$33.29	—	COM	90130A200
—	FERRO CORP	16,426	$257K	0.1%	$15.65	$7.54	—	COM	315405100
VVV	VALVOLINE INC.	13,301	$257K	0.1%	$19.32	$23.39	-17.3%	COM	92047W101
BDX	BECTON DICKINSON & CO	1,140	$256K	0.1%	$224.56 *	$138.32	+42.9%	COM	075887109
USB	US BANCORP DEL	5,600	$255K	0.1%	$45.54 *	$22.41	+52.9%	COM	902973304
LLY	LILLY ELI & COMPANY	2,203	$254K	0.1%	$115.30 *	$90.28	+16.6%	COM	532457108
—	HOLLYFRONTIER CORP COM	4,956	$253K	0.1%	$51.05	$51.15	—	COM	435758305
—	ROYAL DUTCH SHELL ADR F	4,316	$251K	0.1%	$58.16	$66.50	—	COM	780259206
AEM	AGNICO-EAGLE MINES LTD	6,200	$250K	0.1%	$40.32 *	$36.93	-6.0%	COM	008474108
—	BANCORP SOUTH CM	9,500	$248K	0.1%	$26.11	$22.44	—	COM	059692103
NEE	NEXTERA ENERGY INC	1,430	$248K	0.1%	$173.43 *	$27.54	+32.8%	COM	65339F101
PNC	PNC BANK CORP	2,110	$246K	0.1%	$116.59 *	$63.28	+43.5%	COM	693475105
—	NOBLE ENERGY INC.	13,150	$246K	0.1%	$18.71	$54.08	—	COM	655044105
HAL	HALLIBURTON COMPANY	9,161	$243K	0.1%	$26.53 *	$33.14	-30.4%	COM	406216101
AVY	AVERY DENNISON CORP	2,700	$242K	0.1%	$89.63 *	$66.26	+20.0%	COM	053611109
OXY	OCCIDENTAL PETE CORP	3,918	$240K	0.1%	$61.26 *	$57.79	-9.2%	COM	674599105
KEY	KEYCORP	16,166	$238K	0.1%	$14.72 *	$6.55	+61.3%	COM	493267108
—	MARATHON OIL CO.	16,380	$234K	0.1%	$14.29	$31.90	—	COM	565849106
—	ASHLAND INC	3,200	$227K	0.1%	$70.94	$119.62	—	COM	044209104
—	XEROX CORP	11,458	$226K	0.1%	$19.72	$10.63	—	COM	984121103
—	ANADARKO PETROLEUM CORP	5,081	$222K	0.1%	$43.69	$78.53	—	COM	032511107
ZION	ZIONS BANCORPORATION COM	5,300	$215K	0.1%	$40.57	$41.18	-1.1%	COM	989701107
AGI	ALAMOS GOLD INC.	58,862	$211K	0.1%	$3.58 *	$6.15	-44.7%	COM	011532108
—	HESS CORPORATION	5,100	$206K	0.1%	$40.39	$48.50	—	COM	42809H107
F	FORD MOTOR COMPANY	26,650	$203K	0.1%	$7.62 *	$7.77	-31.1%	COM	345370860
FANG	DIAMONDBACK ENERGY	2,187	$202K	0.1%	$92.36 *	$86.64	-17.0%	COM	25278X109
MATX	MATSON INC COM	6,300	$201K	0.1%	$31.90 *	$29.41	-3.2%	COM	57686G105
CNMD	CONNECTICUT WTR SVCS INC	3,000	$200K	0.1%	$66.67 *	$72.38	-16.6%	COM	207410101
NRT	NO EUROPEAN OIL TR	32,300	$187K	0.1%	$5.79	$17.28	—	COM	659310106
RIG	TRANSOCEAN SEDCO FOREX	26,183	$181K	0.1%	$6.91	$48.22	-85.6%	COM	H8817H100
MWA	MUELLER WATER PRODUCTS	19,000	$172K	0.1%	$9.05 *	$5.84	+38.2%	COM	624758108
RF	REGIONS FINANCIAL CP NEW	12,769	$170K	0.1%	$13.31 *	$6.02	+67.2%	COM	7591EP100
—	BARRICK GOLD	10,281	$139K	0.1%	$13.52	$14.45	—	COM	067901108
PBR	PETROLEO BRASILERIO ADRF	10,575	$137K	0.1%	$12.96	$17.01	-23.5%	COM	71654V408
KGC	KINROSS GOLD CORP NEW	39,773	$128K	0.1%	$3.22	$3.92	-17.4%	COM	496902404
PBT	PERMIAN BASIN ROYALTY TR	19,900	$117K	0.1%	$5.88	$12.16	—	COM	714236106
—	INTEVAC INC	19,400	$101K	0.0%	$5.21	$12.12	—	COM	461148108
MTUS	TIMKENSTEEL CORP COM	11,500	$100K	0.0%	$8.70	$35.63	-75.5%	COM	887399103
IAG	IAMGOLD CORPORATION	16,760	$61,000	0.0%	$3.64	$3.61	+2.0%	COM	450913108
—	ENSCO INTERNATIONAL INC	16,700	$59,000	0.0%	$3.53	$3.53	—	COM	G3157S106
XPL	SOLITARIO EXPLORATION	203,000	$47,000	0.0%	$0.23	$1.31	-82.4%	COM	8342EP107
HL	HECLA MINING	12,500	$29,000	0.0%	$2.32	$2.97	-23.3%	COM	422704106
—	PDL BIOPHARMA INC	10,300	$29,000	0.0%	$2.82	$2.82	—	COM	69329Y104
—	YAMANA GOLD INC	11,000	$25,000	0.0%	$2.27	$5.52	—	COM	98462Y100
—	NABORS INDUSTRIES INC	11,100	$22,000	0.0%	$1.98	$1.98	—	COM	G6359F103
—	STEIN MART INC	10,800	$11,000	0.0%	$1.02	$1.61	—	COM	858375108