Market Overview

Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems to Join S&P MidCap 400; WCI Communities and Nautilus to Join S&P SmallCap 600

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NEW YORK, Aug. 25, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P MidCap 400 constituent Mettler-Toledo International Inc. (NYSE: MTD) will replace Johnson Controls Inc. (NYSE: JCI) in the S&P 500, S&P SmallCap 600 constituent Monolithic Power Systems, Inc. (NASD: MPWR) will replace Mettler-Toledo in the S&P MidCap 400, and WCI Communities Inc. (NYSE: WCIC) will replace Monolithic Power Systems in the S&P SmallCap 600 after the close of trading on Friday, September 2. S&P 500 constituent Tyco International plc (NYSE: TYC) is acquiring Johnson Controls in a merger of equals to form a new company called Johnson Controls International plc (NYSE: JCI) in a deal expected to be completed on or about that date, pending final conditions. "New" Johnson Controls International will have Global Industry Classification of Auto Parts and Equipment in the S&P 500.
                             
  • Nautilus Inc. (NYSE: NLS) is to replace S&P SmallCap 600 constituent Outerwall Inc. (NASD: OUTR) in the S&P SmallCap 600 after the close of trading on Thursday, September 1. Apollo Global Management LLC (NYSE: APO) is acquiring Outerwall in a deal expected to be completed on or about that date, pending final conditions.

Mettler-Toledo International manufactures and supplies precision instruments and services. Headquartered in Columbus, OH, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Life Sciences Tools & Services Sub-Industry index.

Monolithic Power Systems designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for communications, storage and computing, consumer, and industrial market segments. Headquartered in San Jose, CA, the company will be added to the S&P MidCap 400 GICS Semiconductors Sub-Industry index.

WCI Communities operates as a lifestyle community developer and luxury homebuilder. Headquartered in Bonita Springs, FL, the Company will be added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry index.

Nautilus designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use. Headquartered in Vancouver, WA, the Company will be added to the S&P SmallCap 600 GICS Leisure Products Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – September 1, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Nautilus

Consumer Discretionary

Leisure Products

DELETED

Outerwall

Consumer Discretionary

Specialty Stores


S&P 500 INDEX – September 2, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Mettler-Toledo

Healthcare

Life Sciences Tool & Equipment

DELETED

Johnson Controls

Consumer Discretionary

Auto Parts & Equipment


S&P MIDCAP 400 INDEX – September 2, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Monolithic Power Systems

Information Technology

Semiconductors

DELETED

Mettler-Toledo

Healthcare

Life Sciences Tools & Equipment


S&P SMALLCAP 600 INDEX – September 2, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

WCI Communities

Consumer Discretionary

Homebuilding

DELETED

Monolithic Power Systems

Information Technology

Semiconductors

 

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

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FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mettler-toledo-international-set-to-join-the-sp-500-monolithic-power-systems-to-join-sp-midcap-400-wci-communities-and-nautilus-to-join-sp-smallcap-600-300318608.html

SOURCE S&P Dow Jones Indices

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