Somerville Kurt F Lowers Stock Holdings in Schneider Electric SE $SBGSY

Somerville Kurt F reduced its holdings in Schneider Electric SE (OTCMKTS:SBGSY) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,049 shares of the industrial products company’s stock after selling 9,407 shares during the period. Schneider Electric comprises 2.5% of Somerville Kurt F’s holdings, making the stock its 15th largest position. Somerville Kurt F’s holdings in Schneider Electric were worth $10,562,000 as of its most recent SEC filing.

Separately, Madison Asset Management LLC lifted its position in shares of Schneider Electric by 2.7% during the 2nd quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after buying an additional 6,591 shares in the last quarter. Institutional investors own 0.83% of the company’s stock.

Schneider Electric Stock Up 0.5%

Shares of OTCMKTS:SBGSY opened at $68.64 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $64.44 and its 200-day moving average price is $62.09. Schneider Electric SE has a 1 year low of $48.68 and a 1 year high of $71.98.

Wall Street Analysts Forecast Growth

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

About Schneider Electric

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.