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nVent Electric Set to Join S&P MidCap 400; Knowles to Join S&P SmallCap 600

NEW YORK, April 24, 2018 /PRNewswire/ -- nVent Electric plc (NYSE:NVT) will replace Knowles Corp. (KN) in the S&P MidCap 400, and Knowles will replace DHI Group Inc. (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 (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 &
Equipment

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 &
Services

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