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HDNG (HDNG) has 1 split in our HDNG split history database. The split for HDNG took place on June 01, 1998. This was a 3 for 2 split, meaning for each 2 shares of HDNG owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as HDNG 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 HDNG split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HDNG shares, starting with a $10,000 purchase of HDNG, presented on a split-history-adjusted basis factoring in the complete HDNG split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||7.60%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||7.31%|
|Hardinge is a designer, manufacturer and distributor of machine tools, focusing on precision computer numerically controlled metalcutting machines and workholding technology solutions. Co. supplies computer controlled metalcutting turning machines, grinding machines, machining centers, and repair parts related to those machines. Co. also engineers and supplies workholding devices and other machine tool accessories. Products are sold to customers in North America, Europe and Asia. Industries served by Co. include aerospace, automotive, computer, communications, construction equipment, defense, energy, farm equipment, medical equipment, recreational equipment, and transportation. According to our HDNG split history records, HDNG has had 1 split.|
|HDNG Split History Table|
|06/01/1998||3 for 2|
|Industrials Stock Splits|
|HDNG is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|