K.J. Harrison & Partners Inc Reduces Stock Position in On Holding AG (NYSE:ONON)

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

Several other institutional investors have also added to or reduced their stakes in ONON. Principal Financial Group Inc. raised its holdings in ON by 28.1% in the 4th quarter. Principal Financial Group Inc. now owns 130,381 shares of the company's stock worth $7,141,000 after purchasing an additional 28,597 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings 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 purchasing an additional 480 shares in the last quarter. WR Wealth Planners LLC raised its holdings in ON by 6.9% in the 4th quarter. WR Wealth Planners LLC now owns 11,393 shares of the company's stock worth $624,000 after purchasing an additional 736 shares in the last quarter. US Bancorp DE raised its holdings in ON by 176.9% in the 4th quarter. US Bancorp DE now owns 48,867 shares of the company's stock worth $2,676,000 after purchasing an additional 31,218 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in ON by 33.2% in the 4th quarter. Jones Financial Companies Lllp now owns 17,181 shares of the company's stock worth $941,000 after purchasing an additional 4,287 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.

ON Stock Performance

Shares of NYSE ONON traded up $0.94 during trading on Friday, reaching $52.53. 26,312,064 shares of the company traded hands, compared to its average volume of 4,629,940. The firm has a 50 day simple moving average of $53.42 and a 200-day simple moving average of $52.11. 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 stock has a market capitalization of $33.08 billion, a PE ratio of 75.05, a P/E/G ratio of 3.00 and a beta of 2.35. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05.

Analyst Ratings Changes

Several brokerages recently issued reports on ONON. Evercore ISI increased their price target on shares of ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Jefferies Financial Group began coverage on shares of ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target for the company. KeyCorp increased their price target on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Robert W. Baird increased their price target on shares of ON from $63.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $63.85.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.