0000872259-12-000008.txt : 20120821 0000872259-12-000008.hdr.sgml : 20120821 20120821150613 ACCESSION NUMBER: 0000872259-12-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120821 DATE AS OF CHANGE: 20120821 EFFECTIVENESS DATE: 20120821 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BAHL & GAYNOR INC CENTRAL INDEX KEY: 0000872259 IRS NUMBER: 311297139 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-02825 FILM NUMBER: 121047583 BUSINESS ADDRESS: STREET 1: 212 EAST THIRD ST STREET 2: STE 200 CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5132876100 MAIL ADDRESS: STREET 1: 212 E THIRD ST STREET 2: SUITE 200 CITY: CINCINNATI STATE: OH ZIP: 45202 13F-HR 1 inftable.txt BAHL AND GAYNOR 13F 6/30/12 FORM 13F INFO RMATIO N TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHO RITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Digital Realty Trust Inc 7% Se 253868707 531 19775 SH Sole 19775 JPMorgan Chase & Co 8.625% 46625H621 250 9255 SH Sole 9255 PartnerRe Ltd 7.25% Series E g68603508 321 11975 SH Sole 11975 PNC Financial Svcs Group 6.125 693475857 880 33400 SH Sole 33400 US Bancorp 7.875% Series D 902973882 632 23600 SH Sole 23600 US Bancorp Series G 6.0000% 902973817 2490 90955 SH Sole 90955 Wells Fargo & Company 8% 949746879 1160 38403 SH Sole 38403 3M Company COM 88579Y101 14212 158617 SH Sole 158617 538 6000 SH Defined 6000 851 9500 SH Other 9500 "Aaron's, Inc." COM 002535300 210 7408 SH Sole 7408 Abaxis Inc. COM 002567105 412 11135 SH Sole 11135 ABB Ltd COM 000375204 188 11550 SH Sole 11550 Abbott Laboratories COM 002824100 103445 1604540 SH Sole 1604540 1070 16600 SH Defined 16600 1438 22300 SH Other 22300 22904 355224 SH Shared 355224 Accenture Ltd COM G1151C101 38264 636770 SH Sole 636770 270 4500 SH Defined 4500 7258 120781 SH Other 120781 Adtran Inc. COM 00738A106 227 7525 SH Sole 7525 AGL Resources Inc COM 001204106 6038 155830 SH Sole 155830 Air Products & Chemicals COM 009158106 5478 67854 SH Sole 67854 323 4000 SH Defined 4000 323 4000 SH Other 4000 Airgas Inc. COM 009363102 2785 33145 SH Sole 33145 Allergan Inc. COM 018490102 202 2182 SH Sole 2182 Altria Group Inc COM 02209S103 12934 374342 SH Sole 374342 69 2000 SH Defined 2000 69 2000 SH Other 2000 6877 199041 SH Shared 199041 Amgen Inc. COM 031162100 12330 169113 SH Sole 169113 33 450 SH Defined 450 332 4550 SH Other 4550 3692 50635 SH Shared 50635 Analog Devices Inc. COM 032654105 26102 692915 SH Sole 692915 294 7800 SH Other 7800 11999 318326 SH Shared 318326 Anheuser-Busch Inbev SA ADR COM 03524A108 428 5374 SH Sole 5374 Apache Corporation COM 037411105 22458 255525 SH Sole 255525 75 850 SH Defined 850 1301 14800 SH Other 14800 2281 25959 SH Shared 25959 Apple Inc. COM 037833100 5504 9425 SH Sole 9425 Applied Industrial Tech COM 03820C105 18752 508865 SH Sole 508865 AptarGroup Inc. COM 038336103 9652 189065 SH Sole 189065 97 1900 SH Other 1900 2651 51936 SH Shared 51936 Arc Resources Ltd. COM 00208D408 331 14735 SH Sole 14735 Armanino Foods of Distinction COM 042166801 9 11200 SH Sole 11200 AT&T Inc. COM 00206R102 24462 685989 SH Sole 685989 50 1400 SH Defined 1400 141 3941 SH Other 3941 5382 150826 SH Shared 150826 Atrion Corporation COM 049904105 288 1405 SH Sole 1405 Automatic Data Processing Inc. COM 053015103 42436 762411 SH Sole 762411 334 6000 SH Defined 6000 1447 26000 SH Other 26000 5858 105204 SH Shared 105204 Balchem Corporation COM 057665200 2801 85890 SH Sole 85890 293 9000 SH Other 9000 Bank of New York Mellon Corp. COM 064058100 443 20162 SH Sole 20162 Bank of Nova Scotia COM 064149107 43263 835360 SH Sole 835360 290 5600 SH Other 5600 14465 279274 SH Shared 279274 Bank of the Ozarks Inc. COM 063904106 721 23958 SH Sole 23958 Baxter International COM 071813109 5052 95059 SH Sole 95059 BCE Inc. COM 05534B760 19633 476536 SH Sole 476536 45 1100 SH Defined 1100 272 6600 SH Other 6600 8814 213634 SH Shared 213634 Beam Inc. COM 073730103 403 6456 SH Sole 6456 Becton Dickinson & Co. COM 075887109 36286 485430 SH Sole 485430 912 12200 SH Other 12200 6583 88069 SH Shared 88069 Berkshire Hathaway cl A COM 084670108 4498 36 SH Sole 36 Berkshire Hathaway cl B COM 084670702 5643 67715 SH Sole 67715 321 3850 SH Other 3850 Berry Petroleum cl A COM 085789105 264 6660 SH Sole 6660 BHP Billiton Limited COM 088606108 22759 348530 SH Sole 348530 424 6500 SH Defined 6500 1169 17900 SH Other 17900 2918 44690 SH Shared 44690 "Blackbaud, Inc." COM 09227Q100 260 10130 SH Sole 10130 Blackrock Inc. COM 09247X101 17668 104039 SH Sole 104039 51 300 SH Other 300 6619 38970 SH Shared 38970 BOK Financial Corp. COM 05561Q201 375 6435 SH Sole 6435 BRF-Brasil Foods S.A. COM 10552T107 152 10025 SH Sole 10025 Brinker International COM 109641100 266 8345 SH Sole 8345 Bristol-Myers Squibb Co. COM 110122108 24371 677914 SH Sole 677914 9377 261298 SH Shared 261298 Brookfield Infrastructure Prtn COM G16252101 225 6700 SH Sole 6700 42 1250 SH Defined 1250 42 1250 SH Other 1250 Brown-Forman cl A COM 115637100 231 2436 SH Sole 2436 Brown-Forman cl B COM 115637209 1753 18099 SH Sole 18099 Buckle Inc. COM 118440106 359 9072 SH Sole 9072 "C.H. Robinson Worldwide, Inc." COM 12541W209 16794 286930 SH Sole 286930 4177 71367 SH Shared 71367 "C.R. Bard, Inc." COM 067383109 1753 16313 SH Sole 16313 32 300 SH Other 300 Camden Property Trust COM 133131102 13324 196900 SH Sole 196900 Canadian Energy Service COM 13566W108 139 14600 SH Sole 14600 Canadian Imperial Bank COM 136069101 20983 298308 SH Sole 298308 359 5100 SH Other 5100 7998 113646 SH Shared 113646 Canadian Oil Sands Ltd COM 13643E105 1935 100025 SH Sole 100025 39 2000 SH Defined 2000 39 2000 SH Other 2000 Canon Inc ADR COM 138006309 204 5100 SH Sole 5100 Cantel Medical Corp. COM 138098108 217 7970 SH Sole 7970 Carbo Ceramics Inc. COM 140781105 2025 26392 SH Sole 26392 Caterpillar Inc COM 149123101 3164 37261 SH Sole 37261 Cedar Fair L.P. COM 150185106 301 10058 SH Sole 10058 Central Japan Railway ADR COM 153766100 211 26950 SH Sole 26950 Charles Schwab Corp COM 808513105 369 28500 SH Sole 28500 Chemed Corporation COM 16359R103 882 14585 SH Sole 14585 Chevron Corp COM 166764100 67889 643498 SH Sole 643498 633 6000 SH Defined 6000 1213 11500 SH Other 11500 10534 99804 SH Shared 99804 Chipotle Mexican Grill COM 169656105 337 887 SH Sole 887 Chubb Corp COM 171232101 239 3282 SH Sole 3282 Church & Dwight Co Inc COM 171340102 30696 553377 SH Sole 553377 116 2100 SH Other 2100 10241 184630 SH Shared 184630 Cimarex Energy Co COM 171798101 380 6900 SH Sole 6900 Cincinnati Financial Corp COM 172062101 27007 709406 SH Sole 709406 114 3000 SH Defined 3000 114 3000 SH Other 3000 Cintas Corporation COM 172908105 1201 31108 SH Sole 31108 Cisco Systems Inc. COM 17275R102 2246 130791 SH Sole 130791 77 4500 SH Other 4500 Clorox Company COM 189054109 2423 33434 SH Sole 33434 454 6268 SH Other 6268 Coach Inc COM 189754104 265 4535 SH Sole 4535 Coca-Cola Company COM 191216100 90861 1162059 SH Sole 1162059 1016 13000 SH Defined 13000 2565 32800 SH Other 32800 12518 160073 SH Shared 160073 Colgate-Palmolive Co COM 194162103 2397 23030 SH Sole 23030 ConocoPhillips COM 20825C104 14524 259907 SH Sole 259907 374 6700 SH Defined 6700 257 4600 SH Other 4600 Costco Wholesale Corp COM 22160K105 326 3427 SH Sole 3427 Crescent Point Energy Corp COM 22576C101 9479 254936 SH Sole 254936 3228 86643 SH Shared 86643 CSX Corporation COM 126408103 203 9075 SH Sole 9075 "Cullen/Frost Bankers, Inc." COM 229899109 18851 327908 SH Sole 327908 4973 86502 SH Shared 86502 CVS Caremark Corp. COM 126650100 246 5257 SH Sole 5257 Danaher Corporation COM 235851102 539 10343 SH Sole 10343 Darden Restaurants Inc COM 237194105 14894 294178 SH Sole 294178 6488 128063 SH Shared 128063 Deere & Company COM 244199105 276 3413 SH Sole 3413 Dentsply International Inc COM 249030107 11115 293960 SH Sole 293960 1021 27000 SH Other 27000 Devon Energy Corp COM 25179M103 4411 76065 SH Sole 76065 754 13000 SH Other 13000 Diageo PLC ADS COM 25243Q205 6095 59134 SH Sole 59134 52 500 SH Defined 500 268 2600 SH Other 2600 "Digital Realty Trust, Inc" COM 253868103 33714 449103 SH Sole 449103 586 7800 SH Defined 7800 1028 13700 SH Other 13700 11318 150750 SH Shared 150750 Donaldson Co. Inc. COM 257651109 7170 214870 SH Sole 214870 1602 48000 SH Other 48000 Dover Corporation COM 260003108 22394 417714 SH Sole 417714 54 1000 SH Defined 1000 214 4000 SH Other 4000 6032 112518 SH Shared 112518 Dow Chemical Company COM 260543103 257 8150 SH Sole 8150 Dr. Pepper Snapple Group Inc COM 26138E109 19031 434990 SH Sole 434990 6356 145281 SH Shared 145281 Duke Energy Corp COM 26441C204 5311 230317 SH Sole 230317 DuPont de Nemours & Co. COM 263534109 1229 24305 SH Sole 24305 Ecolab Inc COM 278865100 34691 506220 SH Sole 506220 1624 23700 SH Other 23700 3811 55608 SH Shared 55608 Eli Lilly & Co. COM 532457108 2600 60592 SH Sole 60592 EMC Corporation COM 268648102 443 17275 SH Sole 17275 Emerson Electric Co. COM 291011104 67086 1440227 SH Sole 1440227 238 5100 SH Defined 5100 242 5200 SH Other 5200 14005 300473 SH Shared 300473 Enbridge Energy Partners COM 29250R106 642 20875 SH Sole 20875 31 1000 SH Defined 1000 31 1000 SH Other 1000 Enbridge Inc COM 29250N105 37772 946195 SH Sole 946195 68 1700 SH Defined 1700 782 19600 SH Other 19600 11873 297447 SH Shared 297447 Encana Corp COM 292505104 224 10750 SH Sole 10750 Energy Transfer Partners LP COM 29273R109 611 13825 SH Sole 13825 44 1000 SH Defined 1000 44 1000 SH Other 1000 Enerplus Corporation COM 292766102 582 45222 SH Sole 45222 45 3500 SH Defined 3500 45 3500 SH Other 3500 Ensco plc cl A COM G3157S106 282 6000 SH Sole 6000 Enterprise Products Part LP COM 293792107 490 9558 SH Sole 9558 EOG Resources Inc COM 26875P101 12891 143060 SH Sole 143060 167 1850 SH Other 1850 3270 36295 SH Shared 36295 EPIQ Systems Inc. COM 26882D109 191 15620 SH Sole 15620 Estee Lauder Cos Inc COM 518439104 7600 140420 SH Sole 140420 3539 65394 SH Shared 65394 Expeditors Intl of WA COM 302130109 2630 67867 SH Sole 67867 Express Scripts Holding Co. COM 30219G108 746 13363 SH Sole 13363 Exxon Mobil Corporation COM 30231G102 89348 1044148 SH Sole 1044148 341 3980 SH Defined 3980 2668 31181 SH Other 31181 "FactSet Research Systems, Inc." COM 303075105 458 4925 SH Sole 4925 "Family Dollar Stores, Inc." COM 307000109 590 8873 SH Sole 8873 Fastenal Company COM 311900104 4576 113520 SH Sole 113520 Fidelity National Info Srv COM 31620M106 241 7073 SH Sole 7073 Fifth Third Bancorp COM 316773100 2187 163192 SH Sole 163192 First Financial Bancorp. COM 320209109 271 16942 SH Sole 16942 Fiserv Inc. COM 337738108 3200 44305 SH Sole 44305 Flowers Foods Inc COM 343498101 646 27827 SH Sole 27827 "Franklin Resources, Inc." COM 354613101 216 1950 SH Sole 1950 Fresenius Medical Care AG COM 358029106 210 2975 SH Sole 2975 General Dynamics Corp. COM 369550108 1691 25630 SH Sole 25630 218 3300 SH Other 3300 General Electric Co COM 369604103 17978 862655 SH Sole 862655 700 33600 SH Defined 33600 559 26800 SH Other 26800 General Mills Inc. COM 370334104 26034 675518 SH Sole 675518 5713 148237 SH Shared 148237 Gentex Corporation COM 371901109 1815 86980 SH Sole 86980 Genuine Parts Company COM 372460105 34926 579681 SH Sole 579681 241 4000 SH Defined 4000 488 8100 SH Other 8100 10758 178463 SH Shared 178463 Gilead Sciences Inc. COM 375558103 349 6800 SH Sole 6800 Glaxo Smithkline ADS COM 37733W105 16165 354731 SH Sole 354731 5348 117315 SH Shared 117315 Google Inc COM 38259P508 744 1282 SH Sole 1282 H.J. Heinz Company COM 423074103 22552 414712 SH Sole 414712 9078 161392 SH Shared 161392 Harris Corporation COM 413875105 377 9005 SH Sole 9005 "HCP, Inc." COM 40414L109 13848 313669 SH Sole 313669 6867 155467 SH Shared 155467 HDFC Bank Ltd COM 40415F101 343 10530 SH Sole 10530 Health Care REIT Inc COM 42217K106 15278 262053 SH Sole 262053 58 1000 SH Defined 1000 58 1000 SH Other 1000 7237 124083 SH Shared 124083 Healthcare Services Group COM 421906108 7895 407403 SH Sole 407403 52 2700 SH Defined 2700 52 2700 SH Other 2700 Hershey Co. COM 427866108 376 5220 SH Sole 5220 Hewlett-Packard Co COM 428236103 1185 58949 SH Sole 58949 "Highwoods Properties, Inc." COM 431284108 318 9455 SH Sole 9455 Hill-Rom Holdings Inc. COM 431475102 1594 51673 SH Sole 51673 Hillenbrand Inc. COM 431571108 792 43073 SH Sole 43073 Home Depot Inc. COM 437076102 10236 193173 SH Sole 193173 Honeywell Intl Inc COM 438516106 243 4344 SH Sole 4344 Hubbell Inc cl A COM 443510102 386 5200 SH Sole 5200 Hubbell Inc cl B COM 443510201 2341 30040 SH Sole 30040 Hudson City Bancorp Inc COM 443683107 713 112000 SH Sole 112000 "Huntington Bancshares, Inc." COM 446150104 524 81953 SH Sole 81953 IberiaBank Corporation COM 450828108 435 8620 SH Sole 8620 IBM Corp COM 459200101 77234 394898 SH Sole 394898 1076 5500 SH Defined 5500 3149 16100 SH Other 16100 9016 46100 SH Shared 46100 Igate Corporation COM 45169U105 171 10035 SH Sole 10035 II-VI Inc. COM 902104108 1304 78250 SH Sole 78250 Illinois Tool Works Inc. COM 452308109 47692 901716 SH Sole 901716 873 16500 SH Defined 16500 1211 22900 SH Other 22900 7126 134741 SH Shared 134741 Intel Corporation COM 458140100 87120 3269035 SH Sole 3269035 786 29500 SH Defined 29500 1578 59200 SH Other 59200 19590 735091 SH Shared 735091 "Inter Parfums, Inc." COM 458334109 247 14275 SH Sole 14275 International Flavors&Frag. COM 459506101 222 4052 SH Sole 4052 195 3552 SH Other 3552 "Intuitive Surgical, Inc." COM 46120E602 6184 11167 SH Sole 11167 2215 4000 SH Other 4000 iShares DJ US Technology COM 464287721 2794 39229 SH Sole 39229 iShares Russell 1000 Index COM 464287622 367 4877 SH Sole 4877 iShares Russell 2000 Index COM 464287655 666 8366 SH Sole 8366 iShares Russell Midcap COM 464287499 597 5670 SH Sole 5670 iShares S&P 500 Index COM 464287200 1363 9970 SH Sole 9970 iShares S&P Midcap 400 COM 464287507 429 4555 SH Sole 4555 iShares S&P Small Cap 600 COM 464287804 257 3510 SH Sole 3510 Jack Henry & Associates COM 426281101 5686 164713 SH Sole 164713 JM Smucker Co. COM 832696405 16415 217354 SH Sole 217354 30 393 SH Other 393 4838 64063 SH Shared 64063 Johnson & Johnson COM 478160104 60485 895273 SH Sole 895273 1034 15300 SH Defined 15300 2047 30300 SH Other 30300 4924 72873 SH Shared 72873 "Johnson Controls, Inc." COM 478366107 3216 116057 SH Sole 116057 Joy Global Inc COM 481165108 500 8820 SH Sole 8820 JPMorgan Chase & Co COM 46625H100 875 24488 SH Sole 24488 Kimberly-Clark Corp. COM 494368103 28993 346098 SH Sole 346098 9070 108287 SH Shared 108287 Kinder Morgan Energy L.P. COM 494550106 3687 46921 SH Sole 46921 "Kinder Morgan, Inc. cl P" COM 49456B101 36753 1140678 SH Sole 1140678 242 7500 SH Other 7500 12767 395806 SH Shared 395806 Kraft Foods Inc COM 50075N104 1460 37807 SH Sole 37807 Kroger Company COM 501044101 214 9243 SH Sole 9243 Kubota Corporation COM 501173207 256 5557 SH Sole 5557 Lancaster Colony Corp COM 513847103 622 8735 SH Sole 8735 Leading Brands Inc. COM 52170U207 136 34174 SH Sole 34174 Lockheed Martin Corp. COM 539830109 1391 15969 SH Sole 15969 50 575 SH Defined 575 50 575 SH Other 575 Lowes Companies Inc. COM 548661107 2300 80885 SH Sole 80885 455 16000 SH Defined 16000 683 24000 SH Other 24000 Lufkin Industries Inc COM 549764108 354 6518 SH Sole 6518 MarketAxess Corporation COM 57060D108 225 8450 SH Sole 8450 Mattel Inc. COM 577081102 19387 597616 SH Sole 597616 162 5000 SH Defined 5000 350 10800 SH Other 10800 6985 215025 SH Shared 215025 "McCormick & Co, Inc." COM 579780206 18030 297278 SH Sole 297278 61 1000 SH Defined 1000 546 9000 SH Other 9000 McDonald's Corp. COM 580135101 103909 1173715 SH Sole 1173715 540 6100 SH Defined 6100 2156 24350 SH Other 24350 21789 246158 SH Shared 246158 Medtronic Inc. COM 585055106 816 21067 SH Sole 21067 Merck & Co. Inc. COM 58933Y105 10399 249089 SH Sole 249089 3040 72741 SH Shared 72741 "Meridian Bioscience, Inc." COM 589584101 1929 94302 SH Sole 94302 Micrel Inc. COM 594793101 151 15795 SH Sole 15795 Microchip Technology Inc COM 595017104 2346 70930 SH Sole 70930 33 1000 SH Defined 1000 33 1000 SH Other 1000 Micros Systems Inc. COM 594901100 211 4120 SH Sole 4120 Microsoft Corporation COM 594918104 66196 2163976 SH Sole 2163976 704 23000 SH Defined 23000 1799 58800 SH Other 58800 9064 296297 SH Shared 296297 Mine Safety Appliances Co. COM 602720104 257 6390 SH Sole 6390 Monro Muffler Brake Inc. COM 610236101 253 7597 SH Sole 7597 Monsanto Co COM 61166W101 1851 22356 SH Sole 22356 "MWI Veterinary Supply, Inc." COM 55402X105 203 1980 SH Sole 1980 National Instruments COM 636518102 8055 299904 SH Sole 299904 2696 100392 SH Shared 100392 National Research Corp. COM 637372103 379 7245 SH Sole 7245 National Retail Properties COM 637417106 7394 261375 SH Sole 261375 4223 149186 SH Shared 149186 Neogen Corporation COM 640491106 238 5150 SH Sole 5150 Nestle S.A. ADR COM 641069406 8346 139700 SH Sole 139700 72 1200 SH Defined 1200 72 1200 SH Other 1200 "NextEra Energy, Inc." COM 65339F101 29529 429139 SH Sole 429139 34 500 SH Defined 500 34 500 SH Other 500 5643 82001 SH Shared 82001 Nike Inc cl B COM 654106103 31391 357605 SH Sole 357605 219 2500 SH Defined 2500 1167 13300 SH Other 13300 4706 53618 SH Shared 53618 Noble Energy Inc. COM 655044105 1427 16822 SH Sole 16822 Norfolk Southern Corp COM 655844108 2207 30745 SH Sole 30745 Northeast Utilities COM 664397106 1807 46559 SH Sole 46559 Northern Trust Corp. COM 665859104 992 21565 SH Sole 21565 Novartis AG COM 66987V109 63807 1141453 SH Sole 1141453 872 15600 SH Defined 15600 1845 33000 SH Other 33000 10698 191305 SH Shared 191305 Novo-Nordisk A/S COM 670100205 314 2160 SH Sole 2160 Nucor Corporation COM 670346105 244 6450 SH Sole 6450 Nustar Energy LP COM 67058H102 1257 23320 SH Sole 23320 44 818 SH Defined 818 44 818 SH Other 818 Nve Corporation COM 629445206 668 12420 SH Sole 12420 Oceaneering International COM 675232102 326 6805 SH Sole 6805 OmniCare Inc COM 681904108 222 7118 SH Sole 7118 ONEOK Inc. COM 682680103 47920 1132583 SH Sole 1132583 97 2300 SH Defined 2300 30 700 SH Other 700 16302 19472 SH Shared 19472 "Oneok Partners, L.P." COM 68268N103 4425 82321 SH Sole 82321 107 2000 SH Defined 2000 269 5000 SH Other 5000 Oracle Corporation COM 68389X105 15414 518998 SH Sole 518998 107 3600 SH Defined 3600 5512 185578 SH Shared 185578 Owens & Minor Inc. COM 690732102 225 7349 SH Sole 7349 Paramount Resources Ltd Cl A COM 699320206 399 16600 SH Sole 16600 "Paychex, Inc." COM 704326107 2482 79013 SH Sole 79013 "PepsiCo, Inc." COM 713448108 27263 385833 SH Sole 385833 141 2000 SH Defined 2000 904 12800 SH Other 12800 Perrigo Company COM 714290103 1670 14165 SH Sole 14165 PetroChina Company Limited ADS COM 71646E100 247 1910 SH Sole 1910 Pfizer Inc. COM 717081103 2654 115385 SH Sole 115385 Philip Morris Intl COM 718172109 44239 506976 SH Sole 506976 297 3400 SH Defined 3400 148 1700 SH Other 1700 17057 195387 SH Shared 195387 Phillips 66 COM 718546104 3230 97180 SH Sole 97180 45 1350 SH Defined 1350 10 300 SH Other 300 Piedmont Natural Gas Co. COM 720186105 2318 72014 SH Sole 72014 Plantronics Inc. 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COM 811065101 3209 56439 SH Sole 56439 227 4000 SH Other 4000 Siemens AG ADS COM 826197501 351 4175 SH Sole 4175 Sigma-Aldrich Corporation COM 826552101 5009 67756 SH Sole 67756 SM Energy Company COM 78454L100 404 8218 SH Sole 8218 Sofame Technologies Inc COM 833977101 0 10000 SH Sole 10000 Solera Holdings Inc COM 83421A104 506 12120 SH Sole 12120 "Sourcefire, Inc." COM 83616T108 257 4995 SH Sole 4995 Southern Company COM 842587107 19924 430322 SH Sole 430322 8226 177642 SH Shared 177642 SPDR Gold Trust COM 78463V107 1441 9288 SH Sole 9288 SPDR S&P 500 ETF Trust COM 78462F103 2829 20784 SH Sole 20784 SPDR S&P MidCap 400 ETF COM 78467Y107 423 2468 SH Sole 2468 SPDR Select Technology COM 81369Y803 2427 84505 SH Sole 84505 Spectra Energy Corp COM 847560109 6984 240330 SH Sole 240330 Stans Energy Corp. COM 854722105 14 25000 SH Sole 25000 Steris Corporation COM 859152100 1552 49479 SH Sole 49479 69 2200 SH Other 2200 "Stratasys, Inc." COM 862685104 352 7115 SH Sole 7115 Stryker Corp COM 863667101 27882 506027 SH Sole 506027 628 11400 SH Other 11400 5849 106156 SH Shared 106156 Suncor Energy COM 867224107 1452 50165 SH Sole 50165 72 2500 SH Other 2500 Syngenta AG COM 87160A100 272 3975 SH Sole 3975 Syntel Inc. COM 87162H103 344 5670 SH Sole 5670 Sysco Corporation COM 871829107 6586 220923 SH Sole 220923 51 1700 SH Defined 1700 T Rowe Price Group Inc COM 74144T108 19472 309283 SH Sole 309283 6087 96678 SH Shared 96678 Taiwan Semiconductor COM 874039100 283 20294 SH Sole 20294 Target Corporation COM 87612E106 3552 61043 SH Sole 61043 Taseko Mines Ltd. COM 876511106 69 25775 SH Sole 25775 Teleflex Inc. COM 879369106 4351 71435 SH Sole 71435 225 3700 SH Other 3700 Telefonica S.A. COM 879382208 435 33175 SH Sole 33175 Teva Pharmaceutical COM 881624209 19253 488154 SH Sole 488154 20 500 SH Other 500 3352 84996 SH Shared 84996 "Texas Instruments, Inc." COM 882508104 1575 54907 SH Sole 54907 Textron Inc. COM 883203101 249 10000 SH Sole 10000 "Tim Hortons, Inc." COM 88706M103 560 10630 SH Sole 10630 TJX Companies Inc. COM 872540109 19436 452746 SH Sole 452746 472 11000 SH Other 11000 5411 126051 SH Shared 126051 Tractor Supply Co. COM 892356106 585 7040 SH Sole 7040 Trilogy Energy Corp. COM 89620H105 318 13800 SH Sole 13800 Tupperware Brands Corp. COM 899896104 1581 28880 SH Sole 28880 U.S. Bancorp COM 902973304 58165 1808609 SH Sole 1808609 2476 77000 SH Defined 77000 3377 105000 SH Other 105000 Unilever N.V. COM 904784709 206 6175 SH Sole 6175 Union Pacific Corp. COM 907818108 600 5027 SH Sole 5027 United Natural Foods Inc. COM 911163103 283 5160 SH Sole 5160 United Parcel Service Inc. COM 911312106 435 5525 SH Sole 5525 United Technologies Corp COM 913017109 55859 739561 SH Sole 739561 816 10800 SH Other 10800 11810 156338 SH Shared 156338 V.F. Corporation COM 918204108 562 4210 SH Sole 4210 Valmont Industries Inc COM 920253101 372 3075 SH Sole 3075 Valspar Corporation COM 920355104 1264 24086 SH Sole 24086 Vanguard Info Tech ETF COM 92204A702 3151 45840 SH Sole 45840 "Verizon Communications, Inc." COM 92343V104 8006 180155 SH Sole 180155 489 11000 SH Defined 11000 516 11621 SH Other 11621 Vermilion Energy Inc. COM 923725105 7306 162337 SH Sole 162337 3339 74144 SH Shared 74144 VISA Inc. COM 92826C839 2069 16736 SH Sole 16736 Vodafone Group PLC ADS COM 92857W209 5893 209128 SH Sole 209128 118 4200 SH Defined 4200 268 9500 SH Other 9500 W.W. Grainger Inc. COM 384802104 2427 12689 SH Sole 12689 "Wal-Mart Stores, Inc." COM 931142103 3708 53177 SH Sole 53177 Walgreen Company COM 931422109 7375 249312 SH Sole 249312 284 9600 SH Other 9600 Walt Disney Company COM 254687106 18115 373511 SH Sole 373511 73 1500 SH Defined 1500 315 6500 SH Other 6500 4760 98156 SH Shared 98156 Waste Management Inc. 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