WR Wealth Planners LLC Acquires 736 Shares of On Holding AG (NYSE:ONON)

WR Wealth Planners LLC raised its holdings in shares of On Holding AG (NYSE:ONON) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,393 shares of the company’s stock after acquiring an additional 736 shares during the quarter. WR Wealth Planners LLC’s holdings in ON were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Private Trust Co. NA purchased a new position in ON during the third quarter valued at $26,000. Blue Trust Inc. raised its stake in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of ON during the 3rd quarter valued at about $29,000. Legacy Bridge LLC bought a new position in shares of ON during the 4th quarter valued at approximately $43,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in ON in the 4th quarter worth approximately $53,000. Institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

ONON has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of ON from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. BTIG Research raised shares of ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a report on Wednesday, November 13th. The Goldman Sachs Group lowered ON from a “buy” rating to a “neutral” rating and set a $57.00 price target for the company. in a research note on Wednesday, February 12th. KeyCorp boosted their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, TD Cowen increased their target price on ON from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.73.

ON Trading Up 3.8 %

Shares of ON stock opened at $48.45 on Friday. The firm has a market cap of $30.51 billion, a PE ratio of 112.69, a PEG ratio of 1.02 and a beta of 2.30. On Holding AG has a 12 month low of $27.37 and a 12 month high of $64.05. The stock has a 50 day moving average of $55.75 and a 200 day moving average of $52.19.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.