AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Fruth Investment Management's Holding History (CIK: 0001416856)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 25,191 Value ($000) $6 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 25,293 Value ($000) $7 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 25,962 Value ($000) $8 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 26,086 Value ($000) $8 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 26,254 Value ($000) $8 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 26,404 Value ($000) $7 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 27,242 Value ($000) $7 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 27,399 Value ($000) $7 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 27,404 Value ($000) $6 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 27,469 Value ($000) $7 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 27,677 Value ($000) $6 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 27,680 Value ($000) $6 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 27,627 Value ($000) $7 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 28,002 Value ($000) $6,333 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 28,064 Value ($000) $6,391 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 28,274 Value ($000) $6,433 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 28,274 Value ($000) $6,971 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 28,362 Value ($000) $5,670 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 28,402 Value ($000) $5,641 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 28,417 Value ($000) $5,355 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 28,522 Value ($000) $5,025 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 29,167 Value ($000) $4,068 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 30,217 Value ($000) $4,499 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 29,617 Value ($000) $4,048 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 29,092 Value ($000) $4,960 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 29,299 Value ($000) $4,729 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 29,549 Value ($000) $4,885 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 29,674 Value ($000) $4,740 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 30,724 Value ($000) $4,028 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 30,749 Value ($000) $4,632 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 30,874 Value ($000) $4,141 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 31,324 Value ($000) $3,554 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 32,149 Value ($000) $3,767 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 32,549 Value ($000) $3,558 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 33,749 Value ($000) $3,457 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 33,949 Value ($000) $3,476 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 34,923 Value ($000) $3,589 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 35,148 Value ($000) $3,100 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 36,048 Value ($000) $3,311 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 36,248 Value ($000) $3,251 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 37,223 Value ($000) $3,153 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 37,423 Value ($000) $3,007 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 37,494 Value ($000) $3,008 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 38,494 Value ($000) $3,296 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 38,740 Value ($000) $3,229 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 39,390 Value ($000) $3,272 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 35,815 Value ($000) $2,880 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 35,365 Value ($000) $2,689 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 35,515 Value ($000) $2,869 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 35,765 Value ($000) $2,588 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 37,648 Value ($000) $2,592 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,191	$6	$264.83	$245.59 - $291.75
Q3 2025	25,293	$7	$297.80	$280.46 - $312.33
Q2 2025	25,962	$8	$302.36	$268.13 - $324.50
Q1 2025	26,086	$8	$295.41	$279.29 - $315.84
Q4 2024	26,254	$8	$287.90	$266.14 - $301.35
Q3 2024	26,404	$7	$253.49	$223.96 - $274.02
Q2 2024	27,242	$7	$236.61	$228.77 - $245.17
Q1 2024	27,399	$7	$234.26	$221.78 - $245.61
Q4 2023	27,404	$6	$222.04	$195.57 - $239.12
Q3 2023	27,469	$7	$231.16	$204.74 - $243.17
Q2 2023	27,677	$6	$203.27	$189.64 - $210.89
Q1 2023	27,680	$6	$211.47	$197.72 - $230.89
Q4 2022	27,627	$7	$228.99	$203.81 - $257.33
Q3 2022	28,002	$6,333	$219.07	$190.70 - $242.63
Q2 2022	28,064	$6,391	$202.51	$182.36 - $222.13
Q1 2022	28,274	$6,433	$196.92	$176.60 - $227.31
Q4 2021	28,274	$6,971	$207.28	$180.16 - $228.68
Q3 2021	28,362	$5,670	$187.71	$179.33 - $197.68
Q2 2021	28,402	$5,641	$176.27	$167.48 - $182.39
Q1 2021	28,417	$5,355	$156.66	$143.60 - $175.27
Q4 2020	28,522	$5,025	$147.45	$121.14 - $161.77
Q3 2020	29,167	$4,068	$125.00	$114.15 - $135.97
Q2 2020	30,217	$4,499	$126.99	$112.18 - $142.82
Q1 2020	29,617	$4,048	$141.95	$91.30 - $160.44
Q4 2019	29,092	$4,960	$145.09	$134.54 - $151.18
Q3 2019	29,299	$4,729	$143.97	$136.57 - $151.98
Q2 2019	29,549	$4,885	$140.97	$134.10 - $148.45
Q1 2019	29,674	$4,740	$125.45	$108.70 - $138.61
Q4 2018	30,724	$4,028	$121.16	$104.68 - $131.62
Q3 2018	30,749	$4,632	$120.81	$110.27 - $129.74
Q2 2018	30,874	$4,141	$107.77	$94.91 - $120.77
Q1 2018	31,324	$3,554	$98.61	$90.87 - $105.75
Q4 2017	32,149	$3,767	$96.16	$91.15 - $100.81
Q3 2017	32,549	$3,558	$89.59	$83.96 - $101.73
Q2 2017	33,749	$3,457	$84.22	$79.33 - $87.79
Q1 2017	33,949	$3,476	$84.40	$77.75 - $87.39
Q4 2016	34,923	$3,589	$76.76	$70.20 - $85.82
Q3 2016	35,148	$3,100	$74.09	$70.80 - $78.37
Q2 2016	36,048	$3,311	$71.77	$68.45 - $75.00
Q1 2016	36,248	$3,251	$67.69	$61.81 - $73.03
Q4 2015	37,223	$3,153	$69.13	$63.10 - $72.67
Q3 2015	37,423	$3,007	$63.87	$51.20 - $67.86
Q2 2015	37,494	$3,008	$67.60	$63.55 - $69.99
Q1 2015	38,494	$3,296	$67.89	$64.32 - $71.03
Q4 2014	38,740	$3,229	$63.52	$55.18 - $68.07
Q3 2014	39,390	$3,272	$56.27	$54.11 - $58.19
Q2 2014	35,815	$2,880	$52.86	$49.83 - $54.58
Q1 2014	35,365	$2,689	$52.44	$48.53 - $56.01
Q4 2013	35,515	$2,869	$51.46	$46.89 - $56.22
Q3 2013	35,765	$2,588	$48.32	$45.84 - $50.27
Q2 2013	37,648	$2,592	$45.09	$41.94 - $47.70