 |
 Video: What is a Stock Split?
|
|
|
| Gorman-Rupp designs, manufactures and sells pumps and pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning, military and other liquid-handling applications. Co.'s product line consists of pump models ranging in size from 1/4 inches to nearly 15 ft. and ranging in several rated capacity. The types of pumps which Co. produces include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed-flow, vertical turbine line shaft, submersible, high-pressure booster, rotary gear, diaphragm, bellows and oscillating. According to our GRC split history records, Gorman-Rupp has had 7 splits. | |
|
Gorman-Rupp (GRC) has 7 splits in our GRC split history database. The first split for GRC took place on July 13, 1992. This was a 3 for 2
split, meaning for each 2
shares of GRC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. GRC's second split took place on October 28, 1994. This was a 3 for 2
split, meaning for each 2
shares of GRC owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. GRC's third split took place on September 13, 2004. This was a 5 for 4 split, meaning for each 4 shares of GRC owned pre-split, the shareholder now owned 5 shares. For example, a 2250 share position pre-split, became a 2812.5 share position following the split. GRC's 4th split took place on December 11, 2006. This was a 5 for 4 split, meaning for each 4 shares of GRC owned pre-split, the shareholder now owned 5 shares. For example, a 2812.5 share position pre-split, became a 3515.625 share position following the split. GRC's 5th split took place on December 11, 2007. This was a 5 for 4 split, meaning for each 4 shares of GRC owned pre-split, the shareholder now owned 5 shares. For example, a 3515.625 share position pre-split, became a 4394.53125 share position following the split. GRC's 6th split took place on June 13, 2011. This was a 5 for 4 split, meaning for each 4 shares of GRC owned pre-split, the shareholder now owned 5 shares. For example, a 4394.53125 share position pre-split, became a 5493.1640625 share position following the split. GRC's 7th split took place on December 11, 2013. This was a 5 for 4 split, meaning for each 4 shares of GRC owned pre-split, the shareholder now owned 5 shares. For example, a 5493.1640625 share position pre-split, became a 6866.455078125 share position following the split.
When a company such as Gorman-Rupp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the GRC split history from start to finish, an original position size of 1000 shares would have turned into 6866.455078125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gorman-Rupp shares, starting with a $10,000 purchase of GRC, presented on a split-history-adjusted basis factoring in the complete GRC split history.
Growth of $10,000.00
With Dividends Reinvested
|
| Start date: |
04/29/2014 |
|
| End date: |
04/25/2024 |
|
| Start price/share: |
$30.23 |
|
| End price/share: |
$31.45 |
|
| Starting shares: |
330.80 |
|
| Ending shares: |
418.06 |
|
| Dividends reinvested/share: |
$7.44 |
|
| Total return: |
31.48% |
|
| Average Annual Total Return: |
2.78% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$13,153.87 |
|
| Years: |
10.00 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
04/29/2014 |
|
| End date: |
04/25/2024 |
|
| Start price/share: |
$30.23 |
|
| End price/share: |
$31.45 |
|
| Dividends collected/share: |
$7.44 |
|
| Total return: |
28.65% |
|
| Average Annual Total Return: |
2.55% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$12,862.54 |
|
| Years: |
10.00 |
|
|
|
| Date |
Ratio |
| 07/13/1992 | 3 for 2
| | 10/28/1994 | 3 for 2
| | 09/13/2004 | 5 for 4 | | 12/11/2006 | 5 for 4 | | 12/11/2007 | 5 for 4 | | 06/13/2011 | 5 for 4 | | 12/11/2013 | 5 for 4 |
|
|
Free GRC Email Alerts:
