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 Video: What is a Stock Split?
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| Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, repair information, and systems solutions. Its segments include the Commercial and Industrial Group, serving industrial and commercial customers globally in sectors like aerospace, natural resources, and transportation. The Snap-on Tools Group primarily serves vehicle service and repair technicians through a mobile tool distribution channel. The Repair Systems and Information Group caters to professional vehicle repair customers, independent repair shops, and OEM dealerships. Financial Services handles the operations of its finance subsidiaries. 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: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$132.65 |
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| End price/share: |
$354.78 |
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| Starting shares: |
75.39 |
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| Ending shares: |
94.42 |
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| Dividends reinvested/share: |
$44.93 |
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| Total return: |
234.99% |
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| Average Annual Total Return: |
12.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33,508.85 |
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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: |
12/12/2014 |
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| End date: |
12/10/2024 |
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| Start price/share: |
$132.65 |
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| End price/share: |
$354.78 |
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| Dividends collected/share: |
$44.93 |
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| Total return: |
201.33% |
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| Average Annual Total Return: |
11.66% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$30,137.52 |
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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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