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 Video: What is a Stock Split?
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| Applied Industrial Technologies is a distributor and solutions provider of industrial motion, power, control, and automation technologies. Co.'s segments are Service Center Based Distribution and Engineered Solutions. Co.'s Service Center Based Distribution segment provides products and services addressing the maintenance and repair of motion control infrastructure and production equipment. Co.'s Engineered Solutions segment focuses on distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, and engineered flow control products and services, as well as automation solutions, including machine vision. According to our AIT split history records, Applied Industrial Technologies has had 6 splits. | |
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Applied Industrial Technologies (AIT) has 6 splits in our AIT split history database. The first split for AIT took place on June 06, 1988. This was a 3 for 2
split, meaning for each 2
shares of AIT 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. AIT's second split took place on June 05, 1989. This was a 3 for 2
split, meaning for each 2
shares of AIT 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. AIT's third split took place on December 05, 1995. This was a 3 for 2
split, meaning for each 2
shares of AIT 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. AIT's 4th split took place on September 16, 1997. This was a 3 for 2
split, meaning for each 2
shares of AIT 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. AIT's 5th split took place on December 20, 2004. This was a 3 for 2 split, meaning for each 2 shares of AIT 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. AIT's 6th split took place on June 16, 2006. This was a 3 for 2 split, meaning for each 2 shares of AIT owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.
When a company such as Applied Industrial Technologies 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 AIT split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Applied Industrial Technologies shares, starting with a $10,000 purchase of AIT, presented on a split-history-adjusted basis factoring in the complete AIT 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: |
10/03/2024 |
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| Start price/share: |
$45.33 |
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| End price/share: |
$220.98 |
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| Starting shares: |
220.60 |
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| Ending shares: |
263.07 |
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| Dividends reinvested/share: |
$12.52 |
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| Total return: |
481.32% |
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| Average Annual Total Return: |
19.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$58,126.53 |
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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: |
10/03/2024 |
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| Start price/share: |
$45.33 |
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| End price/share: |
$220.98 |
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| Dividends collected/share: |
$12.52 |
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| Total return: |
415.11% |
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| Average Annual Total Return: |
17.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$51,522.28 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/06/1988 | 3 for 2
| | 06/05/1989 | 3 for 2
| | 12/05/1995 | 3 for 2
| | 09/16/1997 | 3 for 2
| | 12/20/2004 | 3 for 2 | | 06/16/2006 | 3 for 2 |
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