K.J. Harrison & Partners Inc Has $1.27 Million Stock Holdings in On Holding AG (NYSE:ONON)

K.J. Harrison & Partners Inc reduced its position in On Holding AG (NYSE:ONON - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,000 shares of the company's stock after selling 6,000 shares during the period. K.J. Harrison & Partners Inc's holdings in ON were worth $1,274,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in ON by 28.1% during the 4th quarter. Principal Financial Group Inc. now owns 130,381 shares of the company's stock valued at $7,141,000 after purchasing an additional 28,597 shares during the period. Oppenheimer & Co. Inc. lifted its stake in ON by 5.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 10,141 shares of the company's stock worth $555,000 after acquiring an additional 480 shares in the last quarter. WR Wealth Planners LLC boosted its position in ON by 6.9% during the 4th quarter. WR Wealth Planners LLC now owns 11,393 shares of the company's stock worth $624,000 after acquiring an additional 736 shares during the period. US Bancorp DE grew its stake in ON by 176.9% during the 4th quarter. US Bancorp DE now owns 48,867 shares of the company's stock valued at $2,676,000 after acquiring an additional 31,218 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of ON by 33.2% in the 4th quarter. Jones Financial Companies Lllp now owns 17,181 shares of the company's stock valued at $941,000 after purchasing an additional 4,287 shares during the period. Hedge funds and other institutional investors own 36.39% of the company's stock.

Wall Street Analyst Weigh In

ONON has been the subject of several research reports. Morgan Stanley decreased their price target on shares of ON from $66.00 to $62.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Needham & Company LLC lifted their price objective on ON from $55.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group assumed coverage on ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price on the stock. Stifel Nicolaus raised their price target on ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Barclays set a $68.00 price target on ON in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, ON currently has a consensus rating of "Buy" and a consensus target price of $63.85.

ON Trading Up 2.9%

NYSE:ONON traded up $1.51 during trading hours on Wednesday, hitting $53.72. 12,360,886 shares of the stock were exchanged, compared to its average volume of 4,665,835. The company has a market capitalization of $33.82 billion, a P/E ratio of 76.74, a price-to-earnings-growth ratio of 2.97 and a beta of 2.26. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $53.83 and its two-hundred day moving average is $52.03.

ON Profile

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