Federated Hermes Inc. Has $45.63 Million Stock Holdings in On Holding AG $ONON

Federated Hermes Inc. decreased its stake in shares of On Holding AG (NYSE:ONON) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,077,489 shares of the company’s stock after selling 223,611 shares during the period. Federated Hermes Inc. owned 0.17% of ON worth $45,632,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. bought a new position in shares of ON in the second quarter worth about $29,000. GAMMA Investing LLC raised its position in ON by 5,888.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the company’s stock worth $46,000 after purchasing an additional 1,060 shares during the last quarter. Ramirez Asset Management Inc. lifted 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 buying an additional 200 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in ON during the 2nd quarter worth $83,000. Finally, CWM LLC boosted its position in ON by 119.8% in the 3rd quarter. CWM LLC now owns 2,789 shares of the company’s stock valued at $118,000 after buying an additional 1,520 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

Key ON News

Here are the key news stories impacting ON this week:

• Positive Sentiment: Multiple analyst reaffirmations with higher price targets that could support upside: BTIG reiterated a “buy” with a $70 target (largest upside), Telsey kept an “outperform” with $65, and Needham reaffirmed “buy” with $52 — these raise upside expectations and can lift sentiment. BTIG Article Other Analyst Coverage
• Positive Sentiment: On named veteran consumer executive Frank Sluis as its new CFO — a management hire that investors often view positively because it can improve execution, investor communication and financial planning. Business Wire: CFO Appointment
• Neutral Sentiment: Coverage and commentary are now re-assessing On’s valuation relative to its growth narrative — the company has a high P/E (~58) and a PEG ~1.35, so while growth supports premium multiples, valuation is a key focus for investors deciding on new positions. Yahoo: Valuation Assessment
• Negative Sentiment: Shares are under short-term pressure and recently fell more than the broader market in the latest session; price sits below the 50‑day and roughly at the 200‑day moving average, which may signal technical weakness for short‑term traders. Zacks: Short‑term Dip

ON Price Performance

Shares of ONON opened at $44.82 on Friday. The stock has a market cap of $28.14 billion, a P/E ratio of 58.20, a price-to-earnings-growth ratio of 1.35 and a beta of 2.15. On Holding AG has a 1 year low of $34.38 and a 1 year high of $64.05. The stock’s 50-day moving average price is $46.55 and its two-hundred day moving average price is $45.10. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

ONON has been the subject of a number of recent research reports. Zacks Research downgraded ON from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Needham & Company LLC reiterated a “buy” rating and issued a $52.00 price objective on shares of ON in a research report on Wednesday. Bank of America upped their target price on shares of ON from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $65.00 target price on shares of ON in a research note on Wednesday. Finally, Singular Research raised shares of ON to a “strong-buy” rating in a research note on Monday, November 17th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.86.

ON Company Profile

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.