Radnor Capital Management LLC Makes New $338,000 Investment in On Holding AG (NYSE:ONON)

Radnor Capital Management LLC bought a new stake in On Holding AG (NYSE:ONON) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,730 shares of the company’s stock, valued at approximately $338,000.

Other hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. increased its stake in ON by 426.5% in the 3rd quarter. Pittenger & Anderson Inc. now owns 10,530 shares of the company’s stock valued at $528,000 after buying an additional 8,530 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of ON by 34.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 25,031 shares of the company’s stock valued at $1,255,000 after acquiring an additional 6,365 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new position in shares of ON in the third quarter worth $541,000. KG&L Capital Management LLC purchased a new stake in shares of ON during the third quarter worth $275,000. Finally, Farther Finance Advisors LLC boosted its position in ON by 20.4% during the third quarter. Farther Finance Advisors LLC now owns 4,255 shares of the company’s stock valued at $213,000 after purchasing an additional 722 shares during the last quarter. 33.11% of the stock is owned by hedge funds and other institutional investors.

ON Stock Up 5.9 %

ON stock opened at $50.38 on Friday. On Holding AG has a 12 month low of $24.15 and a 12 month high of $52.80. The stock has a market cap of $31.72 billion, a price-to-earnings ratio of 95.06 and a beta of 2.25. The business has a 50 day moving average price of $48.76 and a two-hundred day moving average price of $42.33.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen raised their price target on ON from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Raymond James assumed coverage on shares of ON in a research note on Wednesday, July 31st. They set an “outperform” rating and a $46.00 price target on the stock. Morgan Stanley lifted their price objective on shares of ON from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Evercore ISI raised shares of ON to an “overweight” rating and increased their target price for the stock from $43.00 to $47.00 in a research report on Monday, August 12th. Finally, UBS Group boosted their price target on ON from $55.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.37.

ON Company Profile

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.