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 Video: What is a Stock Split?
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| IDEXX Laboratories develops, manufactures, and distributes products and provides services for the companion animal veterinary, livestock and poultry, dairy and water testing industries. Co.'s segments are: Companion Animal Group, which provides diagnostic and information management-based products and services for the companion animal veterinary industry; Water quality products, which provides testing solutions for detection and quantification of various microbiological parameters in water; and Livestock, Poultry and Dairy, which provides diagnostic tests, services and related instrumentation that are used to manage the health status of livestock and poultry. According to our Idexx Laboratories stock split history records, Idexx Laboratories has had 4 splits. | |
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Idexx Laboratories (IDXX) has 4 splits in our Idexx Laboratories stock split history database. The first split for IDXX took place on October 04, 1993. This was a 2 for 1
split, meaning for each share of IDXX 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. IDXX's second split took place on June 06, 1995. This was a 2 for 1
split, meaning for each share of IDXX 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. IDXX's third split took place on November 27, 2007. This was a 2 for 1 split, meaning for each share of IDXX 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. IDXX's 4th split took place on June 16, 2015. This was a 2 for 1 split, meaning for each share of IDXX 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.
When a company such as Idexx Laboratories 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 Idexx Laboratories stock split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Idexx Laboratories shares, starting with a $10,000 purchase of IDXX, presented on a split-history-adjusted basis factoring in the complete Idexx Laboratories stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$61.49 |
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| End price/share: |
$477.67 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
676.83% |
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| Average Annual Total Return: |
22.76% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$77,682.79 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/04/1993 | 2 for 1
| | 06/06/1995 | 2 for 1
| | 11/27/2007 | 2 for 1 | | 06/16/2015 | 2 for 1 |
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