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 Video: What is a Stock Split?
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| Illinois Tool Works is a global manufacturer of a range of industrial products and equipment. Co.'s segments include: Automotive OEM, which produces components and fasteners for automotive-related applications; Food Equipment, which is engaged in commercial food equipment; Test and Measurement and Electronics, which produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics; and Welding, which produces arc welding equipment, consumables and accessories for an array of industrial and commercial applications. According to our Illinois Tool Works stock split history records, Illinois Tool Works has had 3 splits. | |
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Illinois Tool Works (ITW) has 3 splits in our Illinois Tool Works stock split history database. The first split for ITW took place on June 21, 1993. This was a 2 for 1
split, meaning for each share of ITW 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. ITW's second split took place on May 28, 1997. This was a 2 for 1
split, meaning for each share of ITW 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. ITW's third split took place on May 26, 2006. This was a 2 for 1 split, meaning for each share of ITW 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.
When a company such as Illinois Tool Works 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 Illinois Tool Works stock split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Illinois Tool Works shares, starting with a $10,000 purchase of ITW, presented on a split-history-adjusted basis factoring in the complete Illinois Tool Works stock split history.
Growth of $10,000.00
With 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: |
$83.51 |
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| End price/share: |
$258.41 |
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| Starting shares: |
119.75 |
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| Ending shares: |
150.90 |
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| Dividends reinvested/share: |
$39.43 |
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| Total return: |
289.94% |
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| Average Annual Total Return: |
14.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$38,987.58 |
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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: |
10/08/2014 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$83.51 |
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| End price/share: |
$258.41 |
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| Dividends collected/share: |
$39.43 |
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| Total return: |
256.66% |
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| Average Annual Total Return: |
13.56% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$35,653.53 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 06/21/1993 | 2 for 1
| | 05/28/1997 | 2 for 1
| | 05/26/2006 | 2 for 1 |
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