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 Video: What is a Stock Split?
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| Crane is a manufacturer of industrial products. Co.'s operations include the following segments: Aerospace and Electronics, which supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets; Process Flow Technologies, which a provider of fluid handling equipment for mission critical applications; and Engineered Materials, manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, and in commercial and industrial buildings applications, with additional applications including trailers. According to our CR split history records, Crane has had 6 splits. | |
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Crane (CR) has 6 splits in our CR split history database. The first split for CR took place on April 25, 1986. This was a 3 for 2
split, meaning for each 2
shares of CR 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. CR's second split took place on May 22, 1987. This was a 3 for 2
split, meaning for each 2
shares of CR 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. CR's third split took place on October 11, 1988. This was a 3 for 2
split, meaning for each 2
shares of CR 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. CR's 4th split took place on October 02, 1989. This was a 3 for 2
split, meaning for each 2
shares of CR 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. CR's 5th split took place on December 13, 1996. This was a 3 for 2
split, meaning for each 2
shares of CR 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. CR's 6th split took place on September 15, 1998. This was a 3 for 2
split, meaning for each 2
shares of CR 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 Crane 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 CR 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 Crane shares, starting with a $10,000 purchase of CR, presented on a split-history-adjusted basis factoring in the complete CR split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/07/2023 |
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| Start price/share: |
$58.15 |
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| End price/share: |
$80.33 |
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| Starting shares: |
171.97 |
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| Ending shares: |
209.10 |
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| Dividends reinvested/share: |
$14.75 |
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| Total return: |
67.97% |
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| Average Annual Total Return: |
5.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,803.40 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/11/2013 |
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| End date: |
06/07/2023 |
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| Start price/share: |
$58.15 |
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| End price/share: |
$80.33 |
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| Dividends collected/share: |
$14.75 |
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| Total return: |
63.51% |
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| Average Annual Total Return: |
5.04% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,346.70 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 04/25/1986 | 3 for 2
| | 05/22/1987 | 3 for 2
| | 10/11/1988 | 3 for 2
| | 10/02/1989 | 3 for 2
| | 12/13/1996 | 3 for 2
| | 09/15/1998 | 3 for 2
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