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 Video: What is a Stock Split?
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| Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. Products and services include hand and power tools, tool storage, diagnostic software, information and management systems, shop equipment and solutions for vehicle dealerships and repair centers, as well as for the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education industries. Co. also provides financing programs to facilitate the sales of its products. Co.'s segments are: Commercial & Industrial Group; Snap-on Tools Group; Repair Systems & Information Group; and Financial Services. According to our Snap-On stock split history records, Snap-On has had 2 splits. | |
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Snap-On (SNA) has 2 splits in our Snap-On stock split history database. The first split for SNA took place on July 28, 1986. This was a 2 for 1
split, meaning for each share of SNA 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. SNA's second split took place on September 11, 1996. This was a 3 for 2
split, meaning for each 2
shares of SNA owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as Snap-On 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 Snap-On stock split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Snap-On shares, starting with a $10,000 purchase of SNA, presented on a split-history-adjusted basis factoring in the complete Snap-On stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/16/2009 |
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| End date: |
01/15/2019 |
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| Start price/share: |
$35.81 |
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| End price/share: |
$161.63 |
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| Starting shares: |
279.25 |
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| Ending shares: |
345.10 |
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| Dividends reinvested/share: |
$19.65 |
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| Total return: |
457.78% |
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| Average Annual Total Return: |
18.75% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$55,787.98 |
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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: |
01/16/2009 |
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| End date: |
01/15/2019 |
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| Start price/share: |
$35.81 |
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| End price/share: |
$161.63 |
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| Dividends collected/share: |
$19.65 |
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| Total return: |
406.23% |
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| Average Annual Total Return: |
17.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$50,613.47 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/28/1986 | 2 for 1
| | 09/11/1996 | 3 for 2
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