Elefante Mark B Has $6.29 Million Stake in Schneider Electric SE $SBGSY

Elefante Mark B increased its position in Schneider Electric SE (OTCMKTS:SBGSY) by 10.0% in the 2nd quarter, Holdings Channel reports. The firm owned 96,539 shares of the industrial products company’s stock after buying an additional 8,800 shares during the quarter. Schneider Electric comprises approximately 2.7% of Elefante Mark B’s investment portfolio, 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 filing with the Securities and Exchange Commission (SEC).

Separately, Notis McConarty Edward increased its holdings in Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after buying an additional 425 shares during the period. Institutional investors and hedge funds own 0.83% of the company’s stock.

Schneider Electric Stock Performance

Shares of OTCMKTS:SBGSY opened at $69.22 on Monday. The company’s fifty 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 reaffirmed an “overweight” rating on shares of Schneider Electric in a report on Monday, June 29th. 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. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Zacks Research raised Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Finally, Barclays reiterated an “overweight” rating on shares of Schneider Electric in a research note on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.