TD Asset Management Inc Grows Holdings in On Holding AG $ONON

TD Asset Management Inc increased its holdings in On Holding AG (NYSE:ONON - Free Report) by 41.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,200 shares of the company's stock after acquiring an additional 108,800 shares during the quarter. TD Asset Management Inc owned about 0.06% of ON worth $19,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. purchased a new position in ON during the first quarter valued at $26,000. TCTC Holdings LLC increased its holdings in shares of ON by 118.4% during the first quarter. TCTC Holdings LLC now owns 581 shares of the company's stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of ON by 3,392.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 943 shares of the company's stock worth $42,000 after purchasing an additional 916 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in ON in the 1st quarter worth about $44,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ON during the 1st quarter valued at about $48,000. Institutional investors own 36.39% of the company's stock.

ON Trading Down 0.2%

ON stock opened at $41.91 on Friday. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The firm's 50 day moving average price is $44.18 and its 200-day moving average price is $48.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.00. The stock has a market cap of $26.39 billion, a P/E ratio of 93.14, a PEG ratio of 5.22 and a beta of 2.19.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ONON shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $65.00 target price on shares of ON in a research note on Thursday, August 7th. Needham & Company LLC restated a "buy" rating and issued a $62.00 price objective on shares of ON in a report on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d+)" rating on shares of ON in a research note on Wednesday, October 8th. UBS Group boosted their price target on ON from $75.00 to $79.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Barclays increased their price objective on ON from $68.00 to $69.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.65.

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.

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