Watts Gwilliam & Co. LLC Raises Stock Holdings in On Holding AG (NYSE:ONON)

Watts Gwilliam & Co. LLC raised its holdings in shares of On Holding AG (NYSE:ONON) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,830 shares of the company’s stock after purchasing an additional 2,330 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in ON were worth $3,584,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONON. Needham & Company LLC assumed coverage on ON in a report on Friday, November 22nd. They issued a “buy” rating and a $64.00 price objective for the company. Citigroup began coverage on shares of ON in a research note on Wednesday, December 18th. They set a “neutral” rating and a $65.00 target price for the company. Barclays boosted their price objective on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. UBS Group reissued a “buy” rating and issued a $63.00 target price on shares of ON in a report on Friday, December 27th. Finally, Piper Sandler upped their target price on ON from $52.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.86.

ON Stock Up 0.5 %

NYSE:ONON opened at $55.54 on Friday. On Holding AG has a 52-week low of $26.03 and a 52-week high of $60.12. The business’s 50-day moving average price is $54.94 and its 200 day moving average price is $47.97. The firm has a market cap of $34.97 billion, a P/E ratio of 129.17 and a beta of 2.30.

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.