investing

Nortek joins Russell indices

COURTESY NORTEK
NORTEK INC., HVAC and ventilation maker, has joined the Russell 3000 and Russell 2000 indices, the company announced Monday.
Posted 6/25/12

PROVIDENCE – Nortek Inc., HVAC and ventilation maker, has joined the Russell 3000 and Russell 2000 indices, the company announced Monday.

Nortek joined the indices after Tacoma, Wash.-based Russell Investments reconstituted its U.S. and global equity indices after the markets close on Friday, June 22.

“The Russell 3000 and Russell 2000 are widely known broad-market indices, and Nortek’s inclusion in them should generate increased investor awareness and interest,” Nortek President and CEO Michael J. Clarke said in prepared remarks.

“Nortek’s addition to the indices confirms the strength of our financial profile and reflects the operational progress we have made since the company’s listing on the Nasdaq Global Market seven months ago, including our solid first-quarter results,” added Clarke.

According to a Nortek release, Russell determines membership for its equity indices by “objective, market-capitalization rankings and style attributes.”

Membership in the Russell 3000 index – which remains in place for one year – means automatic inclusion in the large-cap Russell 1000 index or small-cap Russell 2000 index, as well as the appropriate growth- and value-style indices.

Calendar
PBN Hosted
Events

Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement