Split History
MTW split history picture
Manitowoc (MTW) has 7 splits in our MTW split history database. The first split for MTW took place on July 03, 1996. This was a 3 for 2 split, meaning for each 2 shares of MTW 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. MTW's second split took place on July 01, 1997. This was a 3 for 2 split, meaning for each 2 shares of MTW owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. MTW's third split took place on April 01, 1999. This was a 3 for 2 split, meaning for each 2 shares of MTW owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. MTW's 4th split took place on April 11, 2006. This was a 2 for 1 split, meaning for each share of MTW owned pre-split, the shareholder now owned 2 shares. For example, a 3375 share position pre-split, became a 6750 share position following the split. MTW's 5th split took place on September 11, 2007. This was a 2 for 1 split, meaning for each share of MTW owned pre-split, the shareholder now owned 2 shares. For example, a 6750 share position pre-split, became a 13500 share position following the split. MTW's 6th split took place on March 04, 2016. This was a 441584 for 100000 split, meaning for each 100000 shares of MTW owned pre-split, the shareholder now owned 441584 shares. For example, a 13500 share position pre-split, became a 59613.84 share position following the split. MTW's 7th split took place on November 20, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of MTW owned pre-split, the shareholder now owned 1 share. For example, a 59613.84 share position pre-split, became a 14903.46 share position following the split.

When a company such as Manitowoc 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. When a company such as Manitowoc conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the MTW split history from start to finish, an original position size of 1000 shares would have turned into 14903.46 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Manitowoc shares, starting with a $10,000 purchase of MTW, presented on a split-history-adjusted basis factoring in the complete MTW split history. MTW split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 06/15/2011
End date: 06/14/2021
Start price/share: $13.72
End price/share: $24.50
Starting shares: 728.86
Ending shares: 747.46
Dividends reinvested/share: $0.36
Total return: 83.13%
Average Annual Total Return: 6.23%
Starting investment: $10,000.00
Ending investment: $18,306.93
Years: 10.01
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 06/15/2011
End date: 06/14/2021
Start price/share: $13.72
End price/share: $24.50
Dividends collected/share: $0.36
Total return: 81.21%
Average Annual Total Return: 6.12%
Starting investment: $10,000.00
Ending investment: $18,118.15
Years: 10.01
Manitowoc is a provider of engineered lifting solutions. Co. has three reportable segments, the Americas, Europe and Africa and Middle East and Asia Pacific. Co. designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. Co. also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name. Co. designs and manufactures mobile hydraulic cranes, which it sells under the Grove, Shuttlelift and National Crane brand names. Co. also provides crane product parts and services and crane rebuilding, remanufacturing and training services. According to our MTW split history records, Manitowoc has had 7 splits.
Date Ratio
07/03/19963 for 2
07/01/19973 for 2
04/01/19993 for 2
04/11/20062 for 1
09/11/20072 for 1
03/04/2016441584 for 100000
11/20/20171 for 4
MTW is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

MTZ Split History
MXWL Split History
NCI Split History
NDSN Split History
NEWL Split History
NEWT Split History
NFEC Split History
NJ Split History
NL Split History
NM Split History

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