13F-HR 1 aic4qtr05.txt 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE "Report for the Quarter Ended: December 31, 2005" 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: 100 Prospect Street, South Tower Stamford, Connecticut 06901 13F Filing Number: 28-542 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 requirements, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Stewart P. Zobian Title: President Phone: (203) 316-9000 Signature, Place and Date of Signing: /s/Stewart P. Zobian Stamford, Connecticut February 10, 2005 [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 is a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of other included Managers: None Form 13F information Table Entry Total: 450 Form 13F information Table Value Total: 511606038 List of other included managers: None 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. FORM 13F 12/31/05 REPORTING MANAGER; ARGUS INVESTORS' COUNSEL PAGE 1 ----------------------------------------------------------------------------------------------------------------------------------- NAME OF ISSUER TITLE CUSIP FAIR SHARES OR OF NUMBER MARKET PRINCIPAL INVEST VOTING AUTHORITY CLASS VALUE AMOUNT DISCR MANAGER SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- ABBOTT LABS COMMON 002824100 2059 52220 SH SOLE 46970 0 450 ABBOTT LABS COMMON 002824100 7888 200060 SH SOLE 200060 0 0 AIR PRODS & CHEMS INC COMMON 009158106 2337 39480 SH SOLE 35080 0 400 AIR PRODS & CHEMS INC COMMON 009158106 7680 129750 SH SOLE 129750 0 0 ALBERTSONS INC COMMON 013104104 1286 60215 SH SOLE 56415 0 0 ALBERTSONS INC COMMON 013104104 4737 221855 SH SOLE 221855 0 0 ALCOA INC COMMON 013817101 1935 65450 SH SOLE 58125 0 725 ALCOA INC COMMON 013817101 7812 264200 SH SOLE 264200 0 0 AMERICAN EXPRESS CO COMMON 025816109 1920 37315 SH SOLE 33495 0 420 AMERICAN EXPRESS CO COMMON 025816109 6843 132980 SH SOLE 132980 0 0 AMERICAN INTL GROUP INC COMMON 026874107 2755 40378 SH SOLE 35198 0 300 AMERICAN INTL GROUP INC COMMON 026874107 10540 154472 SH SOLE 154472 0 0 ARCHER DANIELS MIDLAND C COMMON 039483102 875 35480 SH SOLE 35480 0 0 AUTOMATIC DATA PROCESSIN COMMON 053015103 2634 57385 SH SOLE 50435 0 550 AUTOMATIC DATA PROCESSIN COMMON 053015103 11481 250130 SH SOLE 250130 0 0 BP PLC DEPOSITORY RECEI 055622104 564 8780 SH SOLE 7640 0 440 BECTON DICKINSON & CO COMMON 075887109 2090 34785 SH SOLE 31285 0 500 BECTON DICKINSON & CO COMMON 075887109 6943 115560 SH SOLE 115560 0 0 CATERPILLAR INC DEL COMMON 149123101 2099 36340 SH SOLE 30030 0 480 CATERPILLAR INC DEL COMMON 149123101 11958 207000 SH SOLE 207000 0 0 CISCO SYS INC COMMON 17275R102 2184 127590 SH SOLE 114290 0 1100 CISCO SYS INC COMMON 17275R102 7674 448240 SH SOLE 448240 0 0 COCA COLA CO COMMON 191216100 1465 36350 SH SOLE 30150 0 0 DELL INC COMMON 24702R101 1919 64090 SH SOLE 57040 0 650 DELL INC COMMON 24702R101 7659 255730 SH SOLE 255730 0 0 DISNEY WALT CO COM DISNEY 254687106 1816 75780 SH SOLE 67530 0 1050 DISNEY WALT CO COM DISNEY 254687106 6740 281180 SH SOLE 281180 0 0 DOW CHEM CO COMMON 260543103 1886 43030 SH SOLE 38830 0 0 DOW CHEM CO COMMON 260543103 7297 166515 SH SOLE 166515 0 0 EMERSON ELEC CO COMMON 291011104 2629 35190 SH SOLE 30890 0 0 EMERSON ELEC CO COMMON 291011104 11815 158165 SH SOLE 158165 0 0 EXXON MOBIL CORP COMMON 30231G102 868 15450 SH SOLE 9780 0 0 EXXON MOBIL CORP COMMON 30231G102 11034 196448 SH SOLE 196448 0 0 FEDERAL NATL MTG ASSN COMMON 313586109 1594 32660 SH SOLE 29960 0 400 FEDERAL NATL MTG ASSN COMMON 313586109 5312 108835 SH SOLE 108835 0 0 FEDEX CORP COMMON 31428X106 2318 22420 SH SOLE 19810 0 310 FEDEX CORP COMMON 31428X106 8992 86970 SH SOLE 86970 0 0 GANNETT INC COMMON 364730101 1443 23825 SH SOLE 21475 0 350 GANNETT INC COMMON 364730101 4988 82345 SH SOLE 82345 0 0 GENERAL DYNAMICS CORP COMMON 369550108 2733 23965 SH SOLE 20880 0 225 GENERAL DYNAMICS CORP COMMON 369550108 11496 100800 SH SOLE 100800 0 0 GENERAL ELECTRIC CO COMMON 369604103 2013 57425 SH SOLE 51805 0 720 GENERAL ELECTRIC CO COMMON 369604103 8254 235491 SH SOLE 235491 0 0 HOME DEPOT INC COMMON 437076102 2624 64815 SH SOLE 57040 0 575 HOME DEPOT INC COMMON 437076102 11380 281120 SH SOLE 281120 0 0 ILLINOIS TOOL WKS INC COMMON 452308109 1760 20005 SH SOLE 17385 0 320 ILLINOIS TOOL WKS INC COMMON 452308109 7227 82140 SH SOLE 82140 0 0 INTEL CORP COMMON 458140100 1883 75440 SH SOLE 67740 0 900 INTEL CORP COMMON 458140100 7193 288200 SH SOLE 288200 0 0 INTERNATIONAL BUSINESS M COMMON 459200101 2590 31510 SH SOLE 27360 0 250 INTERNATIONAL BUSINESS M COMMON 459200101 11500 139900 SH SOLE 139900 0 0 INTL PAPER CO COMMON 460146103 1726 51350 SH SOLE 47650 0 0 INTL PAPER CO COMMON 460146103 4954 147400 SH SOLE 147400 0 0 JP MORGAN CHASE & CO COMMON 46625H100 1112 28011 SH SOLE 27411 0 600 JOHNSON & JOHNSON COMMON 478160104 2254 37500 SH SOLE 32480 0 420 JOHNSON & JOHNSON COMMON 478160104 9398 156370 SH SOLE 156370 0 0 KIMBERLY CLARK CORP COMMON 494368103 1679 28140 SH SOLE 25340 0 400 KIMBERLY CLARK CORP COMMON 494368103 5762 96595 SH SOLE 96595 0 0 MCDONALDS CORP COMMON 580135101 2766 82040 SH SOLE 72480 0 860 MCDONALDS CORP COMMON 580135101 11658 345730 SH SOLE 345730 0 0 MICROSOFT CORP COMMON 594918104 2573 98375 SH SOLE 85395 0 800 MICROSOFT CORP COMMON 594918104 11471 438665 SH SOLE 438665 0 0 MORGAN STANLEY COM NEW 617446448 2009 35400 SH SOLE 31400 0 400 MORGAN STANLEY COM NEW 617446448 7983 140700 SH SOLE 140700 0 0 NUCOR CORP COMMON 670346105 2918 43735 SH SOLE 38285 0 450 NUCOR CORP COMMON 670346105 12563 188300 SH SOLE 188300 0 0 PEPSICO INC COMMON 713448108 1104 18690 SH SOLE 17770 0 450 PEPSICO INC COMMON 713448108 11566 195765 SH SOLE 195765 0 0 PFIZER INC COMMON 717081103 2103 90170 SH SOLE 81070 0 900 PFIZER INC COMMON 717081103 6098 261510 SH SOLE 261510 0 0 PITNEY BOWES INC COMMON 724479100 862 20400 SH SOLE 16100 0 0 PITNEY BOWES INC COMMON 724479100 6929 164000 SH SOLE 164000 0 0 PROCTER & GAMBLE CO COMMON 742718109 2758 47651 SH SOLE 41576 0 525 PROCTER & GAMBLE CO COMMON 742718109 11732 202689 SH SOLE 202689 0 0 QUALCOMM INC COMMON 747525103 2696 62590 SH SOLE 54750 0 680 QUALCOMM INC COMMON 747525103 11252 261180 SH SOLE 261180 0 0 ROYAL DUTCH SHELL PLC DEPOSITORY RECEI 780259206 1414 23000 SH SOLE 23000 0 0 SCHLUMBERGER LTD COMMON 806857108 3178 32710 SH SOLE 28710 0 300 SCHLUMBERGER LTD COMMON 806857108 13883 142900 SH SOLE 142900 0 0 STAPLES INC COMMON 855030102 3004 132289 SH SOLE 114994 0 1320 STAPLES INC COMMON 855030102 11438 503675 SH SOLE 503675 0 0 STRYKER CORP COMMON 863667101 778 17500 SH SOLE 17500 0 0 3M CO COMMON 88579Y101 2034 26240 SH SOLE 23450 0 290 3M CO COMMON 88579Y101 7773 100300 SH SOLE 100300 0 0 TIME WARNER INC COMMON 887317105 2546 145990 SH SOLE 126890 0 1200 TIME WARNER INC COMMON 887317105 11149 639300 SH SOLE 639300 0 0 US BANCORP DEL COM NEW 902973304 1963 65690 SH SOLE 58590 0 700 US BANCORP DEL COM NEW 902973304 7030 235200 SH SOLE 235200 0 0 UNILEVER N V DEPOSITORY RECEI 904784709 2584 37635 SH SOLE 32585 0 350 UNILEVER N V DEPOSITORY RECEI 904784709 11555 168320 SH SOLE 168320 0 0 UNION PAC CORP COMMON 907818108 1140 14160 SH SOLE 13540 0 0 VERIZON COMMUNICATIONS COMMON 92343V104 1743 57865 SH SOLE 51605 0 660 VERIZON COMMUNICATIONS COMMON 92343V104 6252 207556 SH SOLE 207556 0 0 WAL MART STORES INC COMMON 931142103 1651 35280 SH SOLE 31800 0 580 WAL MART STORES INC COMMON 931142103 5656 120850 SH SOLE 120850 0 0 WALGREEN CO COMMON 931422109 2390 54010 SH SOLE 47760 0 650 WALGREEN CO COMMON 931422109 8672 195925 SH SOLE 195925 0 0 INGERSOLL-RAND COMPANY L CL A G4776G101 1845 45700 SH SOLE 40600 0 700 INGERSOLL-RAND COMPANY L CL A G4776G101 7280 180320 SH SOLE 180320 0 0 ------- ----------- --------- --------- -------- --------- ------- REPORT TOTALS 511606 12230830 11946185 0 24330