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 Video: What is a Stock Split?
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| Gardner Denver is a holding company. Through its subsidiaries, Co. is a provider of flow control and compression equipment and associated aftermarket parts, consumables and services. Co.'s segments are: Industrials, which designs, manufactures, markets and services air compression, vacuum and blower products; Energy, which designs, manufactures, markets and services positive displacement pumps, liquid ring vacuum pumps, compressors and integrated systems, engineered fluid loading and transfer equipment and associated aftermarket parts, consumables and services; and Medical, which designs, manufactures and market gas, liquid and precision syringe pumps and compressors. According to our GDI split history records, GDI has had 3 splits. | |
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GDI (GDI) has 3 splits in our GDI split history database. The first split for GDI took place on January 16, 1997. This was a 2 for 1
split, meaning for each share of GDI 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. GDI's second split took place on December 30, 1997. This was a 3 for 2
split, meaning for each 2
shares of GDI 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. GDI's third split took place on June 02, 2006. This was a 2 for 1 split, meaning for each share of GDI 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.
When a company such as GDI 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 GDI split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GDI shares, starting with a $10,000 purchase of GDI, presented on a split-history-adjusted basis factoring in the complete GDI split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/12/2017 |
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| End date: |
02/28/2020 |
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| Start price/share: |
$21.10 |
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| End price/share: |
$32.79 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
55.40% |
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| Average Annual Total Return: |
17.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,539.60 |
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| Years: |
2.80 |
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| Date |
Ratio |
| 01/16/1997 | 2 for 1
| | 12/30/1997 | 3 for 2
| | 06/02/2006 | 2 for 1 |
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