10,955 Shares in On Holding AG (NYSE:ONON) Acquired by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. acquired a new stake in On Holding AG (NYSE:ONON - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,955 shares of the company's stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ONON. Private Advisor Group LLC acquired a new position in ON during the 1st quarter worth $521,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of ON during the 1st quarter worth approximately $958,000. Janney Montgomery Scott LLC boosted its holdings in shares of ON by 1,011.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 104,185 shares of the company's stock valued at $3,686,000 after buying an additional 94,814 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new position in shares of ON in the 1st quarter valued at $1,572,000. Finally, Vista Capital Partners Inc. raised its stake in ON by 4.3% during the 1st quarter. Vista Capital Partners Inc. now owns 18,000 shares of the company's stock worth $637,000 after acquiring an additional 750 shares in the last quarter. 33.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays boosted their price objective on ON from $40.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, August 14th. UBS Group increased their price objective on ON from $55.00 to $61.00 and gave the stock a "buy" rating in a research report on Monday. Truist Financial boosted their target price on ON from $51.00 to $58.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Stifel Nicolaus increased their price target on ON from $45.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $47.00 price objective on shares of ON in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.05.

ON Price Performance

ONON traded down $0.20 during midday trading on Monday, reaching $46.30. 3,141,100 shares of the company's stock were exchanged, compared to its average volume of 4,957,688. On Holding AG has a 1-year low of $24.15 and a 1-year high of $52.80. The stock has a market capitalization of $29.15 billion, a PE ratio of 88.85 and a beta of 2.25. The business's 50-day moving average price is $48.66 and its 200 day moving average price is $42.03.

ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $627.66 million for the quarter, compared to analyst estimates of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. As a group, analysts expect that On Holding AG will post 0.76 EPS for the current fiscal year.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.