TD Private Client Wealth LLC Sells 3,030 Shares of On Holding AG $ONON

TD Private Client Wealth LLC lessened its stake in shares of On Holding AG (NYSE:ONON) by 42.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,057 shares of the company’s stock after selling 3,030 shares during the period. TD Private Client Wealth LLC’s holdings in ON were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC increased its position in ON by 22.2% during the 1st quarter. CWM LLC now owns 1,259 shares of the company’s stock valued at $55,000 after buying an additional 229 shares in the last quarter. TCTC Holdings LLC increased its position in ON by 118.4% during the 1st quarter. TCTC Holdings LLC now owns 581 shares of the company’s stock valued at $26,000 after buying an additional 315 shares in the last quarter. Merit Financial Group LLC increased its position in ON by 2.9% during the 1st quarter. Merit Financial Group LLC now owns 12,275 shares of the company’s stock valued at $539,000 after buying an additional 348 shares in the last quarter. Wesbanco Bank Inc. increased its position in ON by 0.6% during the 2nd quarter. Wesbanco Bank Inc. now owns 69,303 shares of the company’s stock valued at $3,607,000 after buying an additional 421 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in ON by 53.4% during the 1st quarter. Parallel Advisors LLC now owns 1,292 shares of the company’s stock valued at $57,000 after buying an additional 450 shares in the last quarter. Institutional investors own 36.39% of the company’s stock.

ON Stock Performance

Shares of ONON opened at $42.49 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The firm has a market capitalization of $26.75 billion, a P/E ratio of 94.42, a PEG ratio of 5.48 and a beta of 2.23. The business has a fifty day moving average of $46.22 and a 200 day moving average of $49.02.

Analyst Ratings Changes

A number of research analysts recently weighed in on ONON shares. Raymond James Financial lowered ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 price objective for the company. in a research report on Tuesday, July 22nd. Morgan Stanley lifted their target price on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 target price on shares of ON in a report on Tuesday, August 12th. UBS Group lifted their target price on ON from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Barclays lifted their target price on ON from $68.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ON has an average rating of “Moderate Buy” and an average target price of $64.20.

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.