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 Video: What is a Stock Split?
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| Clarcor conducts business in two principal industry segments: Engine/Mobile Filtration and Industrial/Environmental Filtration. Co.'s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, construction and mining equipment, power generation, marine, automobiles, transit buses, locomotives and other industrial and specialty applications. Co.'s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes, and in buildings and infrastructures of various types. According to our CLC split history records, CLC has had 3 splits. | |
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CLC (CLC) has 3 splits in our CLC split history database. The first split for CLC took place on February 18, 1992. This was a 3 for 2
split, meaning for each 2
shares of CLC 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. CLC's second split took place on April 27, 1998. This was a 3 for 2
split, meaning for each 2
shares of CLC 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. CLC's third split took place on May 02, 2005. This was a 2 for 1 split, meaning for each share of CLC owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as CLC 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 CLC split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLC shares, starting with a $10,000 purchase of CLC, presented on a split-history-adjusted basis factoring in the complete CLC split history.
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| Date |
Ratio |
| 02/18/1992 | 3 for 2
| | 04/27/1998 | 3 for 2
| | 05/02/2005 | 2 for 1 |
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