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|ESL Stock Split History|
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ESL (ESL) has 1 split in our ESL split history database. The split for ESL took place on April 21, 1998. This was a 2 for 1 split, meaning for each share of ESL 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.
When a company such as ESL 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 ESL split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ESL shares, starting with a $10,000 purchase of ESL, presented on a split-history-adjusted basis factoring in the complete ESL split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||12.25%|
|Esterline Technologies is a manufacturing company serving aerospace and defense customers. Co. has three segments: Avionics and Controls, which include avionics systems, control and communication systems, and interface technologies capabilities, as well as providing global positioning systems, head-up displays, vision systems, flight management systems, touchscreen display solutions and secure communication systems: Sensors and Systems, which include power systems, connection technologies and advanced sensors capabilities; and Advanced Materials, which includes materials and defense technologies capabilities, as well as developing and manufacturing clamping and fastening devices. According to our ESL split history records, ESL has had 1 split.|
|ESL Split History Table|
|04/21/1998||2 for 1|
|Technology Stock Splits|
|ESL is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ESL shares outstanding history