Lennox International (NYSE: LII) will join the S&P 500 and exit the S&P MidCap 400 prior to trading on Dec 23, 2024. BILL Holdings (NYSE: BILL) will replace Lennox in the S&P MidCap 400 the same day. Catalent (NYSE: CTLT) is being removed from the S&P 500 following its acquisition by Novo Holdings, which closed on Dec 18, 2024.
Changes and tickers: LII added to S&P 500 and deleted from MidCap 400; BILL added to MidCap 400; CTLT deleted from S&P 500. Effective date: Dec 23, 2024.
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Positive
Lennox added to S&P 500 effective Dec 23, 2024
BILL Holdings added to S&P MidCap 400 effective Dec 23, 2024
Negative
Catalent removed from S&P 500 following acquisition closed Dec 18, 2024
Lennox deleted from S&P MidCap 400 effective Dec 23, 2024
Market Context
This announcement confirms Catalent’s removal from the S&P 500 following the completion of its acqui...
Analysis
This announcement confirms Catalent’s removal from the S&P 500 following the completion of its acquisition by Novo Holdings on Dec 18, 2024. The stock traded near its 52-week high at 63.48 and above the 200-day MA of 58.19, with volume 4.21x the 20-day average, indicating active repositioning. Investors may watch for further disclosures in regulatory filings and any updates on post-acquisition integration or corporate structure.
Key Figures
Effective date:Dec 23, 2024Deal close date:Dec 18, 2024S&P 500:500+2 more
5 metrics
Effective dateDec 23, 2024Index changes effective prior to open
Deal close dateDec 18, 2024Novo Holdings acquisition of Catalent closed
S&P 500500Index from which Catalent will be deleted
S&P MidCap 400400Index losing Lennox and adding BILL Holdings
First index year1884Year Charles Dow invented the first index
The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.
The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.
nysefinancial
"Lennox International Inc. (NYSE: LII) will replace Catalent Inc. (NYSE: CTLT)"
A large, regulated marketplace where stocks and other securities are listed and traded, acting like a global auction house that matches buyers and sellers and helps determine share prices. It matters to investors because listing and trading there provide liquidity, price discovery, and regulatory oversight—making it easier to buy or sell holdings and giving companies a visible platform that can affect credibility and access to capital.
"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"
GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.
NEW YORK, Dec. 18, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Lennox International Inc. (NYSE: LII) will replace Catalent Inc. (NYSE: CTLT) in the S&P 500, and BILL Holdings Inc. (NYSE: BILL) will replace Lennox International in the S&P MidCap 400 effective prior to the opening of trading on Monday, December 23. Novo Holdings A/S has acquired Catalent in a deal that closed today, December 18.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date
Index Name
Action
Company Name
Ticker
GICS Sector
Dec 23, 2024
S&P 500
Addition
Lennox International
LII
Industrials
Dec 23, 2024
S&P 500
Deletion
Catalent
CTLT
Health Care
Dec 23, 2024
S&P MidCap 400
Addition
BILL Holdings
BILL
Information Technology
Dec 23, 2024
S&P MidCap 400
Deletion
Lennox International
LII
Industrials
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When will Lennox International (LII) officially join the S&P 500?
Lennox will join the S&P 500 prior to market open on Dec 23, 2024. According to S&P Dow Jones Indices, the change is part of a routine index reconstitution and will be effective before trading begins that day.
Why is Catalent (CTLT) being removed from the S&P 500 on Dec 23, 2024?
Catalent is being removed because Novo Holdings completed an acquisition closed on Dec 18, 2024. According to S&P Dow Jones Indices, the takeover triggered CTLT's deletion from the S&P 500 ahead of Dec 23, 2024 rebalancing.
What change will BILL Holdings (BILL) see in the S&P indices on Dec 23, 2024?
BILL will be added to the S&P MidCap 400 prior to trading on Dec 23, 2024. According to S&P Dow Jones Indices, BILL replaces Lennox in the MidCap 400 effective that date.
How does the Dec 23, 2024 index reconstitution affect Lennox's index membership?
Lennox will leave the S&P MidCap 400 and enter the S&P 500 on Dec 23, 2024. According to S&P Dow Jones Indices, LII's midcap deletion coincides with its S&P 500 addition the same day.
Who announced the S&P index changes effective Dec 23, 2024?
S&P Dow Jones Indices announced the index adjustments effective Dec 23, 2024. According to S&P Dow Jones Indices, the changes reflect the closed acquisition of Catalent and corresponding index reconstitution.
Where can investors find more details about the S&P index changes for LII, BILL, and CTLT?
Investors can find details on the S&P Dow Jones Indices website and their index notices. According to S&P Dow Jones Indices, full listings and timing information are posted on www.spdji.com around the effective date.
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