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Video: What is a Stock Split?


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Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components, and other industrial supplies. Co. also provides engineering, design, and systems integration for industrial and fluid power applications, as well as mechanical, fabricated rubber, and fluid power shop services. Co. has two segments, service center-based distribution, which provides customers with industrial products through a network of service centers; and fluid power businesses, which consists of specialized regional companies that distribute hydraulic and pneumatic power components, design and assemble hydraulic and pneumatic power systems, and perform equipment repair. According to our Applied Industrial Technologies stock split history records, Applied Industrial Technologies has had 6 splits.
Applied Industrial Technologies stock split history picture
Applied Industrial Technologies (AIT) has 6 splits in our Applied Industrial Technologies stock split history database. The first split for AIT took place on June 06, 1988. This was a 3 for 2 split, meaning for each 2 shares of AIT 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. AIT's second split took place on June 05, 1989. This was a 3 for 2 split, meaning for each 2 shares of AIT 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. AIT's third split took place on December 05, 1995. This was a 3 for 2 split, meaning for each 2 shares of AIT 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. AIT's 4th split took place on September 16, 1997. This was a 3 for 2 split, meaning for each 2 shares of AIT 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. AIT's 5th split took place on December 20, 2004. This was a 3 for 2 split, meaning for each 2 shares of AIT owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. AIT's 6th split took place on June 16, 2006. This was a 3 for 2 split, meaning for each 2 shares of AIT owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split.

When a company such as Applied Industrial Technologies 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 Applied Industrial Technologies stock split history from start to finish, an original position size of 1000 shares would have turned into 11390.625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Applied Industrial Technologies shares, starting with a $10,000 purchase of AIT, presented on a split-history-adjusted basis factoring in the complete Applied Industrial Technologies stock split history. Applied Industrial Technologies split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/21/2008
End date: 07/19/2018
Start price/share: $25.51
End price/share: $75.45
Starting shares: 392.00
Ending shares: 493.71
Dividends reinvested/share: $9.00
Total return: 272.50%
Average Annual Total Return: 14.05%
Starting investment: $10,000.00
Ending investment: $37,235.13
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/21/2008
End date: 07/19/2018
Start price/share: $25.51
End price/share: $75.45
Dividends collected/share: $9.00
Total return: 231.05%
Average Annual Total Return: 12.72%
Starting investment: $10,000.00
Ending investment: $33,113.86
Years: 10.00
Date Ratio
06/06/19883 for 2
06/05/19893 for 2
12/05/19953 for 2
09/16/19973 for 2
12/20/20043 for 2
06/16/20063 for 2
AIT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

AL Split History
ALK Split History
ALTI Split History
AME Split History
AMSC Split History
APH Split History
ARCW Split History
ARG Split History
ARTW Split History
ARW Split History

Also explore: AIT shares outstanding history


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