First Dallas Securities Inc. Has $660,000 Holdings in On Holding AG (NYSE:ONON)

First Dallas Securities Inc. cut its holdings in shares of On Holding AG (NYSE:ONON) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,170 shares of the company’s stock after selling 5,330 shares during the quarter. First Dallas Securities Inc.’s holdings in ON were worth $660,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in shares of ON during the third quarter worth approximately $26,000. Blue Trust Inc. raised its stake in shares of ON by 319.8% in the third quarter. Blue Trust Inc. now owns 529 shares of the company’s stock valued at $27,000 after purchasing an additional 403 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of ON in the third quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of ON by 210.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of ON in the second quarter valued at $32,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

ON Stock Performance

NYSE:ONON opened at $55.02 on Tuesday. The company has a market cap of $34.64 billion, a PE ratio of 127.96 and a beta of 2.30. On Holding AG has a 52-week low of $25.78 and a 52-week high of $60.12. The stock has a 50-day simple moving average of $52.06 and a 200 day simple moving average of $45.83.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ONON shares. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, November 13th. Truist Financial upped their price target on ON from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen upped their price target on ON from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Raymond James upgraded ON from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Finally, Stifel Nicolaus upped their price target on ON from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.05.

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.