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The company was founded in Rockford, Illinois, in 1870 with Amos W. Woodward's invention of a non compensating mechanical waterwheel governor (U.S. patent No. 103,813). [5] [8] Thirty years later, his son Elmer patented the first successful mechanical compensating governor for hydraulic turbines (U.S. patent No. 583,527). [9]
Woodward's – department store chain; Woolco – discount department store, acquired by Wal-Mart providing an expansion route into the Canadian market; Zellers – discount department store; store properties bought by Target Corporation and most converted into Target Canada stores
A stock split increases the number of shares while reducing the price per share, making the stock more affordable without changing the company’s overall value.
MotoTron [8] electronic controls was also a part of Mercury Marine, but as of October 2008 Brunswick Corp. sold MotoTron and its intellectual properties to Woodward Governor of Fort Collins, Colorado. [9] SeaCore is a brand of sterndrive marine propulsion systems manufactured in the United States by MerCruiser.
Many stock trading platforms offer the ability to buy fractional shares. So, no matter how expensive a stock gets, people can still invest in it without the company needing to resort to a stock split.
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
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