TD Private Client Wealth LLC Increases Holdings in On Holding AG (NYSE:ONON)

TD Private Client Wealth LLC raised its holdings in shares of On Holding AG (NYSE:ONON) by 99.4% during the third quarter, Holdings Channel reports. The fund owned 5,990 shares of the company’s stock after buying an additional 2,986 shares during the period. TD Private Client Wealth LLC’s holdings in ON were worth $300,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in shares of ON during the 3rd quarter valued at $26,000. Blue Trust Inc. grew its stake in shares of ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after buying an additional 403 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock worth $28,000 after buying an additional 400 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of ON in the 3rd quarter valued at about $29,000. Finally, Quarry LP purchased a new stake in ON during the 2nd quarter valued at about $32,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ONON. Truist Financial lifted their price target on ON from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upped their price target on shares of ON from $60.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday. Hsbc Global Res raised shares of ON to a “hold” rating in a report on Thursday, September 5th. Barclays upped their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC started coverage on ON in a research note on Friday, November 22nd. They issued a “buy” rating and a $64.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

ON Price Performance

Shares of NYSE ONON opened at $57.30 on Friday. On Holding AG has a 1 year low of $25.78 and a 1 year high of $60.12. The firm has a 50-day moving average of $52.63 and a 200 day moving average of $46.25. The stock has a market cap of $36.08 billion, a P/E ratio of 133.26 and a beta of 2.30.

ON Profile

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.