Fieldview Capital Management LLC Has $2.78 Million Stock Holdings in On Holding AG $ONON

Fieldview Capital Management LLC reduced its stake in On Holding AG (NYSE:ONON) by 48.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,663 shares of the company’s stock after selling 62,245 shares during the quarter. Fieldview Capital Management LLC’s holdings in ON were worth $2,781,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in ON by 1.2% during the 2nd quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock worth $1,236,000 after purchasing an additional 285 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in shares of ON by 4.3% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company’s stock valued at $307,000 after purchasing an additional 300 shares during the last quarter. Sterling Investment Counsel LLC boosted its stake in shares of ON by 6.5% in the 3rd quarter. Sterling Investment Counsel LLC now owns 6,125 shares of the company’s stock valued at $259,000 after purchasing an additional 375 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of ON by 11.7% during the second quarter. First Horizon Advisors Inc. now owns 3,859 shares of the company’s stock worth $201,000 after buying an additional 405 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of ON by 1.9% during the third quarter. Jones Financial Companies Lllp now owns 21,960 shares of the company’s stock worth $933,000 after buying an additional 417 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ONON shares. UBS Group restated a “buy” rating on shares of ON in a report on Thursday, February 19th. Barclays lowered their price objective on ON from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. BTIG Research reissued a “buy” rating and issued a $70.00 price objective on shares of ON in a research note on Tuesday, March 3rd. Morgan Stanley upped their target price on ON from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Finally, Bank of America raised their target price on ON from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.41.

ON Trading Down 4.5%

NYSE:ONON opened at $41.44 on Monday. On Holding AG has a 12 month low of $34.38 and a 12 month high of $61.29. The company has a current ratio of 2.71, a quick ratio of 2.13 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 0.79 and a beta of 2.14. The firm has a fifty day simple moving average of $46.07 and a two-hundred day simple moving average of $44.37.

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.