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ITT (ITT) has 2 splits in our ITT split history database. The first split for ITT took place on February 22, 2006. This was a 2 for 1 split, meaning for each share of ITT 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. ITT's second split took place on November 01, 2011. This was a 10000 for 3316 split, meaning for each 3316 shares of ITT owned pre-split, the shareholder now owned 10000 shares. For example, a 2000 share position pre-split, became a 6031.3630880579 share position following the split.
When a company such as ITT 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 ITT split history from start to finish, an original position size of 1000 shares would have turned into 6031.3630880579 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ITT shares, starting with a $10,000 purchase of ITT, presented on a split-history-adjusted basis factoring in the complete ITT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||16.36%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||15.77%|
|ITT is a manufacturer of engineered components and customized technology solutions for the transportation, industrial, and energy markets. Co.'s segments are: Motion Technologies, which manufactures brake pads, shims, shock absorbers, energy absorption components, and sealing technologies; Industrial Process, which provides a portfolio of industrial pumps, valves, and plant optimization systems and services; and Connect and Control Technologies, which designs and manufactures a range of connectors and products for applications supporting various markets including aerospace and defense, industrial, transportation, medical, and oil and gas. According to our ITT split history records, ITT has had 2 splits.|
|ITT Split History Table|
|02/22/2006||2 for 1|
|11/01/2011||10000 for 3316|
|Industrials Stock Splits|
|ITT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ITT shares outstanding history