Elefante Mark B Buys 8,800 Shares of Schneider Electric SE $SBGSY

Elefante Mark B grew its stake in Schneider Electric SE (OTCMKTS:SBGSY) by 10.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,539 shares of the industrial products company’s stock after buying an additional 8,800 shares during the period. Schneider Electric makes up approximately 2.7% of Elefante Mark B’s holdings, making the stock its 14th biggest position. Elefante Mark B’s holdings in Schneider Electric were worth $6,292,000 as of its most recent SEC filing.

Separately, Madison Asset Management LLC boosted its position in Schneider Electric by 2.7% during the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock worth $16,072,000 after purchasing an additional 6,591 shares during the period. 0.83% of the stock is currently owned by institutional investors.

Schneider Electric Stock Performance

OTCMKTS:SBGSY opened at $69.22 on Monday. The firm’s 50-day moving average is $64.72 and its 200-day moving average is $62.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. Schneider Electric SE has a 52-week low of $48.68 and a 52-week high of $71.98.

Analysts Set New Price Targets

SBGSY has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a research note on Monday, June 29th. Zacks Research raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Berenberg Bank raised Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Erste Group Bank upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.