ON (NYSE:ONON) Shares Acquired Sen. Angus S. King Jr.

Senator Angus S. King Jr. (I-Maine) recently bought shares of On Holding AG (NYSE:ONON). In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in ON stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 7/21/2025.

ON Stock Performance

ONON opened at $44.5590 on Friday. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The company has a fifty day moving average of $50.52 and a 200 day moving average of $50.20. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 99.02, a PEG ratio of 2.48 and a beta of 2.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ramirez Asset Management Inc. increased its holdings in ON by 20.0% during the 2nd quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the period. CWM LLC lifted its holdings in shares of ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock worth $55,000 after buying an additional 229 shares during the period. Asset Management One Co. Ltd. grew its position in shares of ON by 1.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company’s stock worth $1,298,000 after buying an additional 243 shares in the last quarter. Sage Capital Advisors llc increased its stake in shares of ON by 0.3% during the first quarter. Sage Capital Advisors llc now owns 100,329 shares of the company’s stock valued at $4,406,000 after buying an additional 269 shares during the period. Finally, Lido Advisors LLC increased its stake in shares of ON by 1.2% during the second quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock valued at $1,236,000 after buying an additional 285 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on ON from $68.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Raymond James Financial cut shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price objective on the stock. in a research report on Tuesday, July 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $65.00 target price on shares of ON in a report on Thursday, August 7th. Morgan Stanley lifted their price target on shares of ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Finally, Robert W. Baird increased their price objective on shares of ON from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ON has an average rating of “Moderate Buy” and a consensus price target of $64.20.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.

King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.