WR Wealth Planners LLC Buys 736 Shares of On Holding AG (NYSE:ONON)

WR Wealth Planners LLC grew its stake in On Holding AG (NYSE:ONON) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,393 shares of the company’s stock after purchasing an additional 736 shares during the period. WR Wealth Planners LLC’s holdings in ON were worth $624,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Creative Planning raised its holdings in shares of ON by 6.6% in the third quarter. Creative Planning now owns 18,779 shares of the company’s stock worth $942,000 after buying an additional 1,160 shares during the period. Blue Trust Inc. raised its holdings in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock worth $27,000 after buying an additional 403 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of ON in the third quarter worth approximately $699,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ON by 11.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,002 shares of the company’s stock worth $903,000 after buying an additional 1,899 shares during the period. Finally, Strategic Blueprint LLC purchased a new stake in shares of ON in the third quarter worth approximately $294,000. 36.39% of the stock is owned by institutional investors.

ON Stock Up 3.8 %

Shares of ONON stock opened at $48.45 on Friday. On Holding AG has a 52-week low of $27.37 and a 52-week high of $64.05. The business has a 50-day simple moving average of $55.75 and a 200-day simple moving average of $52.19. The stock has a market cap of $30.51 billion, a PE ratio of 112.69, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on ON from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $58.00 to $63.00 in a report on Thursday, November 21st. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, November 13th. UBS Group restated a “buy” rating and set a $63.00 price objective on shares of ON in a report on Friday, December 27th. Finally, Bank of America assumed coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $59.73.

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