On Holding AG (NYSE:ONON) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp cut its stake in On Holding AG (NYSE:ONON) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,450 shares of the company’s stock after selling 450 shares during the period. Toth Financial Advisory Corp’s holdings in ON were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its position in ON by 189.9% during the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company’s stock worth $36,083,000 after acquiring an additional 471,323 shares during the period. Lord Abbett & CO. LLC increased its holdings in shares of ON by 338.3% in the third quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company’s stock valued at $29,834,000 after purchasing an additional 459,157 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of ON during the third quarter worth about $10,263,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ON during the third quarter worth about $8,425,000. Finally, National Bank of Canada FI boosted its position in ON by 5,339.1% in the third quarter. National Bank of Canada FI now owns 140,601 shares of the company’s stock valued at $7,051,000 after buying an additional 138,016 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

ON Price Performance

Shares of ON stock opened at $60.21 on Friday. The stock has a market capitalization of $37.91 billion, a P/E ratio of 140.02, a PEG ratio of 1.19 and a beta of 2.30. The business has a 50 day simple moving average of $56.68 and a two-hundred day simple moving average of $49.60. On Holding AG has a 12 month low of $26.10 and a 12 month high of $60.99.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ONON. TD Cowen lifted their price objective on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Barclays upped their price target on shares of ON from $47.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. Piper Sandler upped their target price on ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Williams Trading upgraded ON from a “hold” rating to a “buy” rating and lifted their price target for the company from $40.00 to $60.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $59.73.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.