Somerville Kurt F Decreases Stake in Schneider Electric SE $SBGSY

Somerville Kurt F cut its holdings in shares of Schneider Electric SE (OTCMKTS:SBGSY) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,049 shares of the industrial products company’s stock after selling 9,407 shares during the quarter. Schneider Electric comprises 2.5% of Somerville Kurt F’s investment portfolio, making the stock its 15th biggest 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 stake in Schneider Electric by 2.7% in the 2nd 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 in the last quarter. 0.83% of the stock is owned by institutional investors and hedge funds.

Schneider Electric Stock Performance

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SBGSY. Zacks Research upgraded Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Morgan Stanley restated an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Finally, Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Four research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Schneider Electric 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.