WD Rutherford LLC Has $304,000 Stock Holdings in On Holding AG (NYSE:ONON)

WD Rutherford LLC raised its position in shares of On Holding AG (NYSE:ONON) by 62.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,071 shares of the company’s stock after purchasing an additional 2,323 shares during the period. WD Rutherford LLC’s holdings in ON were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strategic Blueprint LLC acquired a new stake in shares of ON in the 3rd quarter valued at approximately $294,000. Wealth Enhancement Advisory Services LLC grew its position in ON by 11.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,002 shares of the company’s stock worth $903,000 after acquiring an additional 1,899 shares during the last quarter. First National Bank of Hutchinson increased its holdings in ON by 64.6% in the 3rd quarter. First National Bank of Hutchinson now owns 10,217 shares of the company’s stock worth $512,000 after purchasing an additional 4,011 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of ON during the third quarter valued at about $699,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of ON during the third quarter worth about $50,000. 33.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ONON has been the topic of a number of analyst reports. Raymond James started coverage on ON in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $46.00 price target on the stock. Stifel Nicolaus upped their price target on shares of ON from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group raised their target price on ON from $41.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Barclays boosted their price target on ON from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Finally, Truist Financial increased their price objective on shares of ON from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.74.

ON Trading Down 1.4 %

ON stock opened at $49.91 on Wednesday. The firm has a market cap of $31.43 billion, a P/E ratio of 94.17 and a beta of 2.24. The firm has a 50-day moving average of $48.27 and a 200-day moving average of $41.60. On Holding AG has a 1-year low of $24.15 and a 1-year high of $52.80.

ON (NYSE:ONON) last announced its earnings results on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The firm had revenue of $627.66 million during the quarter, compared to the consensus estimate of $634.43 million. Research analysts forecast that On Holding AG will post 0.76 earnings per share for the current fiscal year.

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.