Graco Inc has split its stock 10 times since its initial public offering (IPO). The first stock split occurred on November 13, 1981 with the ratio of 3-for-2, meaning that for 2 shares of GGG owned pre-split, shareholders then owned 3 shares. 9 more splits have been implemented since then. The most recent stock split took place on December 28, 2017 on a 3-for-1 basis.
These splits have increased GGG stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Graco Inc's total market capitalization.
For more detailed information of Graco Inc's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Graco Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when GGG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Graco Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
