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 Video: What is a Stock Split?
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| AAON is engaged in the engineering, manufacturing, marketing and sale of air conditioning and heating equipment consisting of standard, semi-custom and custom rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pump, coils, and controls. Co. provides three groups of rooftop units: the RQ Series, consisting of five cooling sizes ranging from two to six tons; the RN Series, provided in 28 cooling sizes ranging from six to 140 tons; and the RZ Series, which is provided in 15 cooling sizes ranging from 45 to 261 tons. According to our AAON split history records, AAON has had 8 splits. | |
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AAON (AAON) has 8 splits in our AAON split history database. The first split for AAON took place on October 01, 2001. This was a 3 for 2 split, meaning for each 2 shares of AAON 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. AAON's second split took place on June 05, 2002. This was a 3 for 2 split, meaning for each 2 shares of AAON 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. AAON's third split took place on August 22, 2007. This was a 3 for 2 split, meaning for each 2 shares of AAON owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. AAON's 4th split took place on June 14, 2011. This was a 3 for 2 split, meaning for each 2 shares of AAON owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. AAON's 5th split took place on July 03, 2013. This was a 3 for 2 split, meaning for each 2 shares of AAON owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. AAON's 6th split took place on March 07, 1995. This was a 11 for 10 split, meaning for each 10 shares of AAON owned pre-split, the shareholder now owned 11 shares. For example, a 7593.75 share position pre-split, became a 8353.125 share position following the split. AAON's 7th split took place on July 17, 2014. This was a 3 for 2 split, meaning for each 2 shares of AAON owned pre-split, the shareholder now owned 3 shares. For example, a 8353.125 share position pre-split, became a 12529.6875 share position following the split. AAON's 8th split took place on August 17, 2023. This was a 3 for 2 split, meaning for each 2 shares of AAON owned pre-split, the shareholder now owned 3 shares. For example, a 12529.6875 share position pre-split, became a 18794.53125 share position following the split.
When a company such as AAON 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 AAON split history from start to finish, an original position size of 1000 shares would have turned into 18794.53125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AAON shares, starting with a $10,000 purchase of AAON, presented on a split-history-adjusted basis factoring in the complete AAON split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$11.34 |
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| End price/share: |
$107.71 |
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| Starting shares: |
881.83 |
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| Ending shares: |
946.20 |
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| Dividends reinvested/share: |
$2.32 |
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| Total return: |
919.16% |
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| Average Annual Total Return: |
26.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$101,902.29 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$11.34 |
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| End price/share: |
$107.71 |
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| Dividends collected/share: |
$2.32 |
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| Total return: |
870.28% |
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| Average Annual Total Return: |
25.51% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$97,002.58 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/01/2001 | 3 for 2 | | 06/05/2002 | 3 for 2 | | 08/22/2007 | 3 for 2 | | 06/14/2011 | 3 for 2 | | 07/03/2013 | 3 for 2 | | 03/07/1995 | 11 for 10 | | 07/17/2014 | 3 for 2 | | 08/17/2023 | 3 for 2 |
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