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 Video: What is a Stock Split?
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| United Technologies provides technology products and services to the building systems and aerospace industries. Co. has four segments: Otis, which designs, manufactures, sells and installs passenger and freight elevators; Carrier, which provides heating, ventilating, air conditioning refrigeration, fire and security solutions; Pratt & Whitney, which supplies aircraft engines for the commercial, military, business jet and general aviation market; and Collins Aerospace Systems, which provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military and space operations. According to our UTX split history records, UTX has had 5 splits. | |
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UTX (UTX) has 5 splits in our UTX split history database. The first split for UTX took place on May 19, 1976. This was a 2 for 1
split, meaning for each share of UTX 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. UTX's second split took place on June 11, 1984. This was a 2 for 1
split, meaning for each share of UTX 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. UTX's third split took place on December 11, 1996. This was a 2 for 1
split, meaning for each share of UTX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. UTX's 4th split took place on May 18, 1999. This was a 2 for 1
split, meaning for each share of UTX owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split. UTX's 5th split took place on June 13, 2005. This was a 2 for 1 split, meaning for each share of UTX owned pre-split, the shareholder now owned 2 shares. For example, a 16000 share position pre-split, became a 32000 share position following the split.
When a company such as UTX 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 UTX split history from start to finish, an original position size of 1000 shares would have turned into 32000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into UTX shares, starting with a $10,000 purchase of UTX, presented on a split-history-adjusted basis factoring in the complete UTX split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
04/02/2020 |
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| Start price/share: |
$108.35 |
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| End price/share: |
$86.01 |
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| Starting shares: |
92.29 |
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| Ending shares: |
104.82 |
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| Dividends reinvested/share: |
$15.00 |
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| Total return: |
-9.84% |
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| Average Annual Total Return: |
-1.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,014.03 |
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| Years: |
5.56 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/12/2014 |
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| End date: |
04/02/2020 |
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| Start price/share: |
$108.35 |
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| End price/share: |
$86.01 |
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| Dividends collected/share: |
$15.00 |
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| Total return: |
-6.77% |
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| Average Annual Total Return: |
-1.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,324.64 |
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| Years: |
5.56 |
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| Date |
Ratio |
| 05/19/1976 | 2 for 1
| | 06/11/1984 | 2 for 1
| | 12/11/1996 | 2 for 1
| | 05/18/1999 | 2 for 1
| | 06/13/2005 | 2 for 1 |
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