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 Video: What is a Stock Split?
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| Carpenter Technology is engaged in the manufacturing, fabrication and distribution of metals. Co. provides alloys, including titanium, nickel, and cobalt, as well as alloys for additive manufacturing processes and soft magnetics applications. Co. is organized in two reportable business segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment is comprised of Co.'s alloy and stainless steel manufacturing operations. The PEP segment is comprised of Co.'s differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. According to our CRS split history records, Carpenter Technology has had 2 splits. | |
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Carpenter Technology (CRS) has 2 splits in our CRS split history database. The first split for CRS took place on September 18, 1995. This was a 2 for 1
split, meaning for each share of CRS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CRS's second split took place on November 16, 2007. This was a 2 for 1 split, meaning for each share of CRS owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Carpenter Technology 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 CRS split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Carpenter Technology shares, starting with a $10,000 purchase of CRS, presented on a split-history-adjusted basis factoring in the complete CRS 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: |
$43.85 |
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| End price/share: |
$159.89 |
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| Starting shares: |
228.05 |
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| Ending shares: |
277.17 |
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| Dividends reinvested/share: |
$7.70 |
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| Total return: |
343.17% |
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| Average Annual Total Return: |
16.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$44,304.87 |
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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: |
$43.85 |
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| End price/share: |
$159.89 |
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| Dividends collected/share: |
$7.70 |
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| Total return: |
282.19% |
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| Average Annual Total Return: |
14.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$38,226.25 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 09/18/1995 | 2 for 1
| | 11/16/2007 | 2 for 1 |
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