Harrington Investments INC Sells 5,590 Shares of Koninklijke Philips (NYSE:PHG)

Harrington Investments INC decreased its position in shares of Koninklijke Philips (NYSE:PHG – Get Rating) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,453 shares of the technology company’s stock after selling 5,590 shares during the period. Harrington Investments INC’s holdings in Koninklijke Philips were worth $382,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PHG. Heritage Wealth Management LLC bought a new position in Koninklijke Philips during the 2nd quarter worth $28,000. Global Retirement Partners LLC increased its position in Koninklijke Philips by 67.6% during the 3rd quarter. Global Retirement Partners LLC now owns 4,141 shares of the technology company’s stock worth $52,000 after buying an additional 1,670 shares during the period. Credit Suisse AG bought a new position in Koninklijke Philips during the 2nd quarter worth $65,000. Ronald Blue Trust Inc. bought a new position in Koninklijke Philips during the 2nd quarter worth $69,000. Finally, Wipfli Financial Advisors LLC bought a new position in Koninklijke Philips during the 3rd quarter worth $77,000. Institutional investors own 10.17% of the company’s stock.

Analyst Upgrades and Downgrades

PHG has been the topic of a number of recent analyst reports. UBS Group cut Koninklijke Philips from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 17th. Barclays decreased their price target on Koninklijke Philips from €19.00 ($20.43) to €18.50 ($19.89) and set an “overweight” rating on the stock in a research report on Tuesday, January 10th. Sanford C. Bernstein initiated coverage on Koninklijke Philips in a research report on Tuesday, March 7th. They issued a “market perform” rating on the stock. Societe Generale cut Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Finally, TheStreet cut Koninklijke Philips from a “c-” rating to a “d” rating in a research report on Monday, December 5th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Koninklijke Philips has an average rating of “Hold” and a consensus target price of $18.56.

Koninklijke Philips Stock Performance

Shares of PHG stock traded down $0.06 during mid-day trading on Friday, reaching $16.41. 2,094,170 shares of the stock traded hands, compared to its average volume of 1,694,282. The stock’s fifty day simple moving average is $16.87 and its two-hundred day simple moving average is $15.56. Koninklijke Philips has a 1-year low of $11.75 and a 1-year high of $31.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.29.

About Koninklijke Philips

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Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Diagnosis and Treatment businesses; Connected Care businesses; Personal Health businesses; and Other. The Diagnosis and Treatment businesses segment consists systems, smart devices, software and services, powered by AI-enabled informatics-that support precision diagnoses and minimally invasive procedures in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology.