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 Video: What is a Stock Split?
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| Parker-Hannifin Corporation specializes in motion and control technologies. Co. designs, manufactures, and provides aftermarket support for highly engineered solutions. Its segments include Diversified Industrial and Aerospace Systems. Diversified Industrial Segment, which is an aggregation of several business units, sells highly engineered differentiated products to both original equipment manufacturers (OEMs) and distributors who serve the aftermarket replacement markets. This segment serves various markets, including aerospace & defense, off-highway, in-plant & industrial equipment, energy, transportation and HVAC & refrigeration. According to our PH split history records, Parker Hannifin has had 4 splits. | |
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Parker Hannifin (PH) has 4 splits in our PH split history database. The first split for PH took place on June 09, 1986. This was a 3 for 2
split, meaning for each 2
shares of PH 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. PH's second split took place on June 02, 1995. This was a 3 for 2
split, meaning for each 2
shares of PH 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. PH's third split took place on September 08, 1997. This was a 3 for 2
split, meaning for each 2
shares of PH 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. PH's 4th split took place on October 02, 2007. This was a 3 for 2 split, meaning for each 2 shares of PH 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.
When a company such as Parker Hannifin 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 PH split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Parker Hannifin shares, starting with a $10,000 purchase of PH, presented on a split-history-adjusted basis factoring in the complete PH split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$129.95 |
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| End price/share: |
$700.90 |
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| Starting shares: |
76.95 |
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| Ending shares: |
91.41 |
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| Dividends reinvested/share: |
$38.67 |
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| Total return: |
540.68% |
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| Average Annual Total Return: |
20.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$64,045.08 |
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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: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$129.95 |
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| End price/share: |
$700.90 |
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| Dividends collected/share: |
$38.67 |
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| Total return: |
469.12% |
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| Average Annual Total Return: |
18.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$56,926.11 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/09/1986 | 3 for 2
| | 06/02/1995 | 3 for 2
| | 09/08/1997 | 3 for 2
| | 10/02/2007 | 3 for 2 |
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