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 Video: What is a Stock Split?
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| Donaldson is a manufacturer of filtration systems and replacement parts. Co. has two operating segments: Engine Products, which consist of replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems and sensors, indicators and monitoring systems; and Industrial Products, which consist of dust, fume and mist collectors, compressed air purification systems, gas and liquid filtration for food, beverage and industrial processes, air filtration systems for gas turbines, polytetrafluoroethylene membrane-based products and air and gas filtration systems. According to our DCI split history records, Donaldson has had 6 splits. |
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Donaldson (DCI) has 6 splits in our DCI split history database. The first split for DCI took place on May 03, 1988. This was a 2 for 1
split, meaning for each share of DCI 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. DCI's second split took place on July 13, 1992. This was a 3 for 2
split, meaning for each 2
shares of DCI owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split. DCI's third split took place on April 07, 1994. This was a 2 for 1
split, meaning for each share of DCI owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. DCI's 4th split took place on January 14, 1998. This was a 2 for 1
split, meaning for each share of DCI owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. DCI's 5th split took place on March 22, 2004. This was a 2 for 1 split, meaning for each share of DCI owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split. DCI's 6th split took place on March 26, 2012. This was a 2 for 1 split, meaning for each share of DCI owned pre-split, the shareholder now owned 2 shares. For example, a 24000 share position pre-split, became a 48000 share position following the split.
When a company such as Donaldson 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 DCI split history from start to finish, an original position size of 1000 shares would have turned into 48000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Donaldson shares, starting with a $10,000 purchase of DCI, presented on a split-history-adjusted basis factoring in the complete DCI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
08/03/2010 |
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| End date: |
07/31/2020 |
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| Start price/share: |
$23.47 |
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| End price/share: |
$48.34 |
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| Starting shares: |
426.08 |
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| Ending shares: |
495.03 |
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| Dividends reinvested/share: |
$5.97 |
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| Total return: |
139.30% |
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| Average Annual Total Return: |
9.12% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,935.56 |
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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: |
08/03/2010 |
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| End date: |
07/31/2020 |
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| Start price/share: |
$23.47 |
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| End price/share: |
$48.34 |
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| Dividends collected/share: |
$5.97 |
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| Total return: |
131.41% |
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| Average Annual Total Return: |
8.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,136.23 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 05/03/1988 | 2 for 1
| | 07/13/1992 | 3 for 2
| | 04/07/1994 | 2 for 1
| | 01/14/1998 | 2 for 1
| | 03/22/2004 | 2 for 1 | | 03/26/2012 | 2 for 1 |
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