Press Releases
NEW YORK, April 24, 2018 /PRNewswire/ -- nVent Electric plc (NYSE: NVT) will replace Knowles Corp. (NYSE: KN) in the S&P MidCap 400, and Knowles will replace DHI Group Inc. (NYSE: DHX) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, May 2, 2018. S&P 500 constituent Pentair plc (NYSE: PNR) is spinning off nVent Electric in a transaction expected to be completed prior to the open on Tuesday, May 1, pending final conditions. Pentair plc will remain in the S&P 500 following the spin-off transaction. Knowles has a market capitalization that is more representative of the small-cap market space. DHI Group is ranked near the bottom of the S&P SmallCap 600.
nVent Electric designs, manufactures, markets, installs and services electrical connection and protection products and solutions. Headquartered in London, United Kingdom, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electrical Components & Equipment Sub-Industry index.
Knowles designs, manufactures and sells micro-acoustic, audio processing, and precision device solutions. Headquartered in Itasca, IL, the company will be added to the S&P SmallCap 600 GICS Electronic Components Sub-Industry index.
Following is a summary of the changes:
|
S&P MidCap 400 INDEX – May 2, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
nVent Electric |
Industrials |
Electrical Components & |
|
DELETED |
Knowles |
Information Technology |
Electronic Components |
|
S&P SMALLCAP 600 INDEX – May 2, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Knowles |
Information Technology |
Electronic Components |
|
DELETED |
DHI Group |
Information Technology |
Internet Software & |
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