When a company such as SPX Technologies 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 SPXC split history from start to finish, an original position size of 1000 shares would have turned into 3971 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPX Technologies shares, starting with a $10,000 purchase of SPXC, presented on a split-history-adjusted basis factoring in the complete SPXC split history.

About SPX Technologies

SPX Technologies is a supplier of infrastructure equipment serving the heating, ventilation and cooling (HVAC) and detection and measurement markets. Co. has two reportable segments: HVAC, which engineers designs, manufactures, installs and services cooling products and engineered air quality solutions for the HVAC and industrial markets, as well as heating and ventilation products for the residential and commercial markets; and Detection and Measurement, which engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, bus fare collection systems, communication technologies, and obstruction lighting. According to our SPXC split history records, SPX Technologies has had 1 split.

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