On Holding AG (NYSE:ONON) Stake Boosted by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of On Holding AG (NYSE:ONON) by 76.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,494 shares of the company’s stock after acquiring an additional 8,439 shares during the period. Whittier Trust Co.’s holdings in ON were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ONON. Northwest & Ethical Investments L.P. bought a new stake in ON in the fourth quarter worth approximately $1,136,000. Axxcess Wealth Management LLC bought a new stake in ON in the fourth quarter worth $371,000. Counterpoint Mutual Funds LLC acquired a new position in ON during the fourth quarter worth $271,000. Harbour Investments Inc. raised its holdings in ON by 24.1% during the fourth quarter. Harbour Investments Inc. now owns 1,928 shares of the company’s stock valued at $106,000 after buying an additional 375 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of ON by 2.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 30,841 shares of the company’s stock worth $1,689,000 after buying an additional 754 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KeyCorp reiterated an “overweight” rating and issued a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. Morgan Stanley upped their price target on ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. HSBC upgraded shares of ON from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group cut shares of ON from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research note on Wednesday, February 12th. Finally, Hsbc Global Res upgraded shares of ON from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, ON has a consensus rating of “Buy” and an average target price of $61.90.

ON Stock Performance

Shares of NYSE ONON opened at $46.22 on Friday. The firm has a 50 day moving average price of $53.05 and a 200 day moving average price of $52.61. The stock has a market cap of $29.10 billion, a P/E ratio of 107.49, a P/E/G ratio of 1.02 and a beta of 2.35. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05.

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.