On Holding AG (NYSE:ONON) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its stake in shares of On Holding AG (NYSE:ONON) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,600,649 shares of the company’s stock after purchasing an additional 79,680 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in ON were worth $87,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Apollon Wealth Management LLC lifted its holdings in shares of ON by 74.0% in the 4th quarter. Apollon Wealth Management LLC now owns 16,005 shares of the company’s stock valued at $877,000 after purchasing an additional 6,808 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in ON by 34.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,376,850 shares of the company’s stock valued at $76,213,000 after buying an additional 349,789 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of ON in the fourth quarter valued at approximately $30,000. Principal Financial Group Inc. boosted its holdings in shares of ON by 96.5% in the third quarter. Principal Financial Group Inc. now owns 101,784 shares of the company’s stock valued at $5,104,000 after acquiring an additional 49,995 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of ON during the fourth quarter worth approximately $28,575,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Stock Performance

Shares of NYSE ONON opened at $45.01 on Monday. On Holding AG has a 1 year low of $29.84 and a 1 year high of $64.05. The stock has a fifty day moving average price of $45.37 and a two-hundred day moving average price of $51.49. The firm has a market cap of $28.34 billion, a P/E ratio of 104.68, a PEG ratio of 1.02 and a beta of 2.32.

Wall Street Analyst Weigh In

A number of research firms have commented on ONON. Stifel Nicolaus dropped their price objective on shares of ON from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Barclays boosted their price target on ON from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Needham & Company LLC decreased their price objective on ON from $64.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. KeyCorp reissued an “overweight” rating and issued a $68.00 target price on shares of ON in a report on Wednesday, March 5th. Finally, Piper Sandler decreased their price target on ON from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

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.