RingCentral Set to Join S&P SmallCap 600

RingCentral (NYSE: RNG) will replace Hillenbrand (NYSE: HI) in the S&P SmallCap 600 effective before market open on Feb 12, 2026.

Rhea-AI Summary

RingCentral (NYSE: RNG) will replace Hillenbrand (NYSE: HI) in the S&P SmallCap 600 effective before market open on Feb 12, 2026. Lone Star Funds is acquiring Hillenbrand, with the transaction expected to close soon pending final closing conditions. The index change shifts RingCentral into the Information Technology sector and removes Hillenbrand from Industrials.

Positive

• RingCentral (RNG) added to S&P SmallCap 600 effective Feb 12, 2026
• Index inclusion may increase passive investor demand for RingCentral shares

Negative

• Hillenbrand (HI) removed from S&P SmallCap 600 effective Feb 12, 2026
• Hillenbrand pending acquisition by Lone Star Funds, subject to closing conditions

Key Figures

Index change effective date: Feb 12, 2026

Index change effective date

Feb 12, 2026

Date HI is deleted from S&P SmallCap 600

Historical Context

5 past events · Latest: Jan 09

5 events

1. Jan 09

   Debt tender offers

   24h Move

   -0.1%

   Change of control offers for 2029 and 2031 senior notes at 101%.

2. Jan 08

   Acquisition approval

   24h Move

   -0.1%

   Shareholders approve all-cash Lone Star acquisition at $32.00 per share.

3. Dec 04

   ESG recognition

   24h Move

   +0.2%

   Named to Newsweek’s America’s Most Responsible Companies 2026 list.

4. Dec 03

   Dividend declaration

   24h Move

   -0.2%

   Declares quarterly dividend of $0.2275 per share for Q1 2026.

5. Nov 19

   Earnings and deal

   24h Move

   +0.0%

   Reports weaker Q4/FY2025 results alongside announcement of Lone Star buyout.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

s&p smallcap 600, gics sector, s&p 500, dow jones industrial average

4 terms

s&p smallcap 600 financial

"RingCentral Inc. (NYSE: RNG) will replace Hillenbrand Inc. (NYSE: HI) in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

"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.

s&p 500 financial

"home to iconic financial market indicators, such as the S&P 500ae and the Dow Jones"

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.

View in glossary

dow jones industrial average financial

"such as the S&P 500ae and the Dow Jones Industrial Averageae. More assets are invested"

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 9, 2026 /PRNewswire/ -- RingCentral Inc. (NYSE: RNG) will replace Hillenbrand Inc. (NYSE: HI) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 12. Lone Star Funds is acquiring Hillenbrand in a deal expected to be completed soon, pending final closing conditions.

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
Feb 12, 2026	S&P SmallCap 600	Addition		RingCentral	RNG	Information Technology
Feb 12, 2026	S&P SmallCap 600	Deletion		Hillenbrand	HI	Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

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View original content:https://www.prnewswire.com/news-releases/ringcentral-set-to-join-sp-smallcap-600-302683089.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will RingCentral (RNG) join the S&P SmallCap 600 index?

RingCentral will be added to the S&P SmallCap 600 before trading opens on Feb 12, 2026. According to S&P Dow Jones Indices, the effective date is set to align with the index rebalance and public trading hours.

Why is Hillenbrand (HI) being removed from the S&P SmallCap 600 on Feb 12, 2026?

Hillenbrand is being deleted due to an acquisition by Lone Star Funds expected to close soon. According to S&P Dow Jones Indices, the pending transaction removes Hillenbrand from the index effective Feb 12, 2026.

What sector changes occur when RingCentral (RNG) joins the index on Feb 12, 2026?

RingCentral joins the Information Technology sector in the S&P SmallCap 600 on Feb 12, 2026. According to S&P Dow Jones Indices, Hillenbrand’s deletion corresponds with an Industrials sector removal.

How might the Feb 12, 2026 index change affect RingCentral (RNG) shareholders?

Index inclusion can increase demand from passive funds and ETFs tracking the S&P SmallCap 600. According to S&P Dow Jones Indices, additions typically prompt rebalancing flows into the added stock around the effective date.

Is the Hillenbrand (HI) acquisition by Lone Star Funds finalized before the Feb 12, 2026 index change?

The acquisition is expected to be completed soon but remains subject to final closing conditions. According to the announcement, the transaction had not been finalized at the time the index change was scheduled.