TD Private Client Wealth LLC Raises Stock Position in On Holding AG (NYSE:ONON)

TD Private Client Wealth LLC raised its holdings in On Holding AG (NYSE:ONON) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,084 shares of the company’s stock after purchasing an additional 1,094 shares during the quarter. TD Private Client Wealth LLC’s holdings in ON were worth $388,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in shares of ON during the 3rd quarter worth approximately $26,000. Legacy Bridge LLC purchased a new stake in ON during the fourth quarter worth $43,000. Arcadia Investment Management Corp MI acquired a new stake in ON during the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC purchased a new position in ON in the fourth quarter valued at $65,000. Finally, Blue Trust Inc. raised its position in shares of ON by 148.8% in the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company’s stock worth $66,000 after acquiring an additional 787 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.

ON Stock Up 4.6 %

Shares of NYSE:ONON opened at $48.38 on Tuesday. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05. The stock has a market cap of $30.47 billion, a P/E ratio of 112.52, a PEG ratio of 1.02 and a beta of 2.35. The business has a fifty day moving average of $52.91 and a two-hundred day moving average of $52.69.

Analyst Ratings Changes

ONON has been the subject of several recent analyst reports. Barclays lifted their price target on ON from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Stifel Nicolaus upped their target price on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $64.00 target price on shares of ON in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ON presently has a consensus rating of “Buy” and an average target price of $61.90.

ON Company Profile

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.