Lennox International Set to Join S&P 500 and BILL Holdings to Join S&P MidCap 400

Lennox International (NYSE: LII) will join the S&P 500 and exit the S&P MidCap 400 prior to trading on Dec 23, 2024.

Rhea-AI Summary

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.

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

Key Figures

Effective index date: Dec 23, 2024 Acquisition close date: Dec 18, 2024

Effective index date

Dec 23, 2024

Date LII joins S&P 500 and exits S&P MidCap 400

Acquisition close date

Dec 18, 2024

Novo Holdings A/S deal closure for Catalent

Historical Context

5 past events · Latest: Apr 08

5 events

1. Apr 08

   Earnings schedule

   24h Move

   +6.1%

   Company set date and call details for Q1 2026 results release.

2. Mar 20

   Dividend declaration

   24h Move

   -2.0%

   Board approved $1.30 per-share quarterly cash dividend for April 2026.

3. Mar 04

   Guidance & targets

   24h Move

   -0.3%

   Reaffirmed 2026 guidance and set 2030 revenue, margin, and FCF targets.

4. Mar 03

   Strategic joint venture

   24h Move

   -2.0%

   Entered water-heating JV with Ariston, expanding into new residential category.

5. Feb 10

   Investor Day plan

   24h Move

   +3.6%

   Announced 2026 Investor Day to outline strategy and long-term growth targets.

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

Key Terms

s&p 500, s&p midcap 400, gics sector

3 terms

s&p 500 financial

"Lennox International Inc. (NYSE: LII) will replace Catalent Inc. (NYSE: CTLT) in the S&P 500"

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

s&p midcap 400 financial

"BILL Holdings Inc. (NYSE: BILL) will replace Lennox International in the S&P MidCap 400"

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.

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.

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

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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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View original content:https://www.prnewswire.com/news-releases/lennox-international-set-to-join-sp-500-and-bill-holdings-to-join-sp-midcap-400-302335548.html

SOURCE S&P Dow Jones Indices

FAQ

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

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.