178,099 Shares in Schneider Electric SE $SBGSY Purchased by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management purchased 178,099 Schneider Electric shares in the second quarter, valued at approximately $11.6 million.
• Other institutional investors also increased their positions, although hedge funds and institutional investors collectively own only 0.83% of the stock.
• Schneider Electric shares traded at $66.78, near their 12-month high, while analysts maintained a generally positive outlook with an average rating of “Buy.”

Azimuth Capital Investment Management LLC bought a new stake in shares of Schneider Electric SE (OTCMKTS:SBGSY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 178,099 shares of the industrial products company's stock, valued at approximately $11,623,000.

A number of other hedge funds also recently bought and sold shares of the company. Madison Asset Management LLC lifted its holdings in shares of Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company's stock valued at $16,072,000 after purchasing an additional 6,591 shares in the last quarter. Notis McConarty Edward grew its position in Schneider Electric by 0.5% in the second quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company's stock worth $5,548,000 after acquiring an additional 425 shares in the last quarter. Finally, Elefante Mark B increased its position in Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company's stock worth $6,292,000 after buying an additional 8,800 shares during the last quarter. 0.83% of the stock is owned by hedge funds and other institutional investors.

Schneider Electric Trading Up 0.3%

Shares of Schneider Electric stock opened at $66.78 on Friday. 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 stock's fifty day simple moving average is $65.43 and its 200 day simple moving average is $62.73. Schneider Electric SE has a 12 month low of $50.61 and a 12 month high of $71.98.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SBGSY. Morgan Stanley reiterated an "overweight" rating on shares of Schneider Electric in a research note on Monday, June 29th. Zacks Research lowered shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a report on Thursday. Barclays reaffirmed an "overweight" rating on shares of Schneider Electric in a research note on Monday, July 6th. Berenberg Bank raised shares of Schneider Electric to a "strong-buy" rating in a research note on Monday, June 1st. Finally, Erste Group Bank raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy".

Schneider Electric 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.

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