NEW YORK, March 31, 2020 /PRNewswire/ -- S&P 500 and
100 constituent United Technologies Corp. (NYSE: UTX) is spinning
off Otis Worldwide and Carrier Global and then merging with
Raytheon in transactions expected to be completed on April 3. Post spin-off and merger transactions,
United Technologies will remain in the S&P 500 & 100
indices. It will change its name to Raytheon Technologies Corp. and
its ticker symbol to RTX.
Otis Worldwide Corp. (NYSE: OTIS) and Carrier Global Corp.
(NYSE: CARR) will be added to the S&P 500 prior to the open of
trading on Friday, April 3. Otis
Worldwide will replace Raytheon Co. (NYSE: RTN), and Carrier Global
will replace Macy's Inc. (NYSE: M) both of which will be removed
from the S&P 500 effective prior to the open of trading on
Monday, April 6. Also effective on
April 6, American Tower Corp. (NYSE:
AMT) will replace Raytheon in the S&P 100, and Macy's will
replace KLX Energy Services Holdings Inc. (NASD: KLXE) in the
S&P SmallCap 600. Macy's has a market capitalization more
representative of the small-cap market space. KLX Energy is no
longer representative of the small-cap market space.
Otis is an elevator and escalator manufacturing, installation
and service company. Headquartered in Farmington, CT, the company will be added to
the S&P 500 GICS (Global Industry Classification Standard)
Industrial Machinery Sub-Industry Index.
Carrier Global is a provider of HVAC, refrigeration, fire and
security solutions. Headquartered in Palm
Beach Gardens, FL, the company will be added to the S&P
500 GICS Building Products Sub-Industry index.
Macy's operates retail stores and websites. Headquartered in
New York, NY, the company will be
added to the S&P SmallCap 600 GICS Department Stores
Sub-Industry index.
American Tower, operating as a real estate investment trust
(REIT), owns, operates and develops multitenant communications real
estate. It is headquartered in Boston
MA.
Following is a summary of the changes:
|
S&P 500 INDEX
– April 3, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Otis
Worldwide
|
Industrials
|
Industrial
Equipment
|
|
Carrier
Global
|
Industrials
|
Building
Products
|
|
S&P 500 INDEX
– April 6, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
DELETED
|
Raytheon
|
Industrials
|
Aerospace &
Defense
|
|
Macy's
|
Consumer
Discretionary
|
Department
Stores
|
|
S&P 100 INDEX
– April 6, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
American
Tower
|
Real
Estate
|
Specialized
REITs
|
|
DELETED
|
Raytheon
|
Industrials
|
Aerospace &
Defense
|
|
S&P SMALLCAP
600 INDEX – April 6, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Macy's
|
Consumer
Discretionary
|
Department
Stores
|
|
DELETED
|
KLX Energy
Services
|
Energy
|
Oil & Gas
Equipment &
Services
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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 become home to over 1,000,000
indices across the spectrum of asset classes that have helped
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.spdji.com.
View original
content:http://www.prnewswire.com/news-releases/otis-worldwide-and-carrier-global-set-to-join-sp-500-american-tower-to-join-sp-100-and-macys-to-join-sp-smallcap-600-301032988.html
SOURCE S&P Dow Jones Indices
