Sen. Angus S. King Jr. Sells On Holding AG (NYSE:ONON) Stock

Senator Angus S. King Jr. (Independent-Maine) recently sold shares of On Holding AG (NYSE:ONON). In a filing disclosed on March 24th, the Senator disclosed that they had sold between $1,001 and $15,000 in ON stock on February 13th.

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

• Sold $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Autodesk (NASDAQ:ADSK) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 2/13/2026.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 2/13/2026.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 12/29/2025.
• Purchased $1,001 – $15,000 in shares of Honeywell International (NASDAQ:HON) on 12/29/2025.

ON Price Performance

Shares of ONON opened at $35.26 on Thursday. The business has a 50-day moving average of $43.76 and a 200-day moving average of $43.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.71 and a quick ratio of 2.13. The company has a market capitalization of $22.50 billion, a price-to-earnings ratio of 48.97, a price-to-earnings-growth ratio of 0.79 and a beta of 2.14. On Holding AG has a 1 year low of $34.38 and a 1 year high of $61.29.

Insider Transactions at ON

In other ON news, CEO Martin Hoffmann sold 4,150 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $39.79, for a total transaction of $165,128.50. Following the completion of the sale, the chief executive officer owned 1,357,020 shares in the company, valued at approximately $53,995,825.80. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 68.57% of the company’s stock.

ON News Summary

Here are the key news stories impacting ON this week:

• Positive Sentiment: Co‑founders named co‑CEOs, which could preserve strategy and brand continuity; the company positioned the change as a planned leadership transition. BusinessWire announcement
• Positive Sentiment: Some sell‑side support remains: Telsey Advisory trimmed its price target (from $65 to $60) but kept an Outperform rating, signaling analysts still see upside over time. Benzinga
• Neutral Sentiment: Analyst consensus is roughly in the “moderate buy” area, indicating institutional views are mixed but not uniformly negative. Analyst roundup
• Neutral Sentiment: On has been a trending/closely watched name recently; increased attention can amplify intraday moves and volatility. Zacks trending note
• Negative Sentiment: Longtime CEO Martin Hoffmann stepped down (to an advisor role through 2027), a leadership change that spooked investors and undercut confidence in near‑term execution amid slowing growth. CNBC
• Negative Sentiment: Insider sale: Hoffmann sold ~4,150 shares last week; while small relative to his holding, the timing around the announcement likely amplified negative sentiment. SEC filing
• Negative Sentiment: Market reaction: heavy trading and large intraday selling pushed the share price toward its 52‑week low, reflecting short‑term risk aversion around execution and leadership continuity. Zacks market note

Analyst Ratings Changes

Several research firms have issued reports on ONON. Truist Financial lowered their price target on shares of ON from $65.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Evercore set a $58.00 price objective on shares of ON and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Piper Sandler reiterated an “overweight” rating on shares of ON in a research report on Friday, December 5th. BTIG Research restated a “buy” rating and issued a $70.00 target price on shares of ON in a report on Tuesday, March 3rd. Finally, Guggenheim cut their price target on shares of ON from $59.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.24.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bison Wealth LLC grew its stake in ON by 35.7% in the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company’s stock valued at $509,000 after acquiring an additional 2,442 shares during the period. Cetera Investment Advisers increased its holdings in shares of ON by 3.6% during the second quarter. Cetera Investment Advisers now owns 50,046 shares of the company’s stock valued at $2,605,000 after acquiring an additional 1,742 shares in the last quarter. Legal & General Group Plc raised its position in shares of ON by 53.7% during the second quarter. Legal & General Group Plc now owns 93,256 shares of the company’s stock worth $4,854,000 after purchasing an additional 32,578 shares during the period. Franklin Resources Inc. lifted its holdings in shares of ON by 5.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,022,424 shares of the company’s stock worth $53,217,000 after purchasing an additional 48,942 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of ON in the 2nd quarter worth $11,846,000. 36.39% of the stock is owned by institutional investors and hedge funds.

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.

About ON

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.