Baltimore Washington Financial Advisors Inc. Purchases 31,274 Shares of On Holding AG $ONON

Baltimore Washington Financial Advisors Inc. boosted its position in shares of On Holding AG (NYSE:ONON) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,611 shares of the company’s stock after acquiring an additional 31,274 shares during the quarter. Baltimore Washington Financial Advisors Inc. owned 0.05% of ON worth $16,532,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Choreo LLC bought a new stake in shares of ON in the 2nd quarter valued at about $470,000. Northwest & Ethical Investments L.P. increased its position in ON by 57.1% during the second quarter. Northwest & Ethical Investments L.P. now owns 50,730 shares of the company’s stock worth $2,644,000 after buying an additional 18,444 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in ON by 21.3% in the second quarter. J.W. Cole Advisors Inc. now owns 11,973 shares of the company’s stock valued at $623,000 after buying an additional 2,100 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in shares of ON by 19.1% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 33,000 shares of the company’s stock valued at $1,718,000 after buying an additional 5,300 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of ON by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 47,003 shares of the company’s stock worth $2,447,000 after acquiring an additional 1,606 shares during the period. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ONON shares. Citigroup cut ON from a “buy” rating to a “mixed” rating in a research note on Tuesday, October 28th. Piper Sandler upped their price objective on shares of ON from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday. Singular Research raised shares of ON to a “strong-buy” rating in a research report on Monday, November 17th. Evercore ISI cut their target price on shares of ON from $68.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 10th. Finally, Needham & Company LLC reduced their target price on shares of ON from $62.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.38.

ON Stock Performance

NYSE ONON opened at $43.22 on Thursday. The firm has a 50-day moving average price of $41.38 and a two-hundred day moving average price of $47.81. On Holding AG has a 12-month low of $34.38 and a 12-month high of $64.05. The company has a market capitalization of $27.14 billion, a P/E ratio of 56.13, a P/E/G ratio of 2.44 and a beta of 2.18. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.28.

ON 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.