Federated Hermes Inc. Has $45.63 Million Stock Position in On Holding AG $ONON

Federated Hermes Inc. lessened its holdings in shares of On Holding AG (NYSE:ONON) by 17.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,077,489 shares of the company’s stock after selling 223,611 shares during the quarter. Federated Hermes Inc.’s holdings in ON were worth $45,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ONON. Ramirez Asset Management Inc. increased its holdings in shares of ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of ON by 1.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company’s stock valued at $1,298,000 after purchasing an additional 243 shares during the period. Lido Advisors LLC increased its stake in ON by 1.2% during the 2nd quarter. Lido Advisors LLC now owns 23,754 shares of the company’s stock worth $1,236,000 after purchasing an additional 285 shares in the last quarter. Sterling Investment Counsel LLC raised its holdings in ON by 5.5% during the 2nd quarter. Sterling Investment Counsel LLC now owns 5,750 shares of the company’s stock worth $299,000 after buying an additional 300 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its stake in ON by 4.3% in the third quarter. Parsons Capital Management Inc. RI now owns 7,238 shares of the company’s stock valued at $307,000 after buying an additional 300 shares in the last quarter. 36.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of ON from $69.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Guggenheim raised shares of ON to a “strong-buy” rating in a research note on Wednesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $65.00 target price on shares of ON in a report on Wednesday. The Goldman Sachs Group boosted their price target on ON from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, Singular Research upgraded ON to a “strong-buy” rating in a report on Monday, November 17th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, ON presently has an average rating of “Moderate Buy” and a consensus target price of $59.86.

Key Headlines Impacting ON

Here are the key news stories impacting ON this week:

• Positive Sentiment: Multiple analyst reaffirmations with higher price targets that could support upside: BTIG reiterated a “buy” with a $70 target (largest upside), Telsey kept an “outperform” with $65, and Needham reaffirmed “buy” with $52 — these raise upside expectations and can lift sentiment. BTIG Article Other Analyst Coverage
• Positive Sentiment: On named veteran consumer executive Frank Sluis as its new CFO — a management hire that investors often view positively because it can improve execution, investor communication and financial planning. Business Wire: CFO Appointment
• Neutral Sentiment: Coverage and commentary are now re-assessing On’s valuation relative to its growth narrative — the company has a high P/E (~58) and a PEG ~1.35, so while growth supports premium multiples, valuation is a key focus for investors deciding on new positions. Yahoo: Valuation Assessment
• Negative Sentiment: Shares are under short-term pressure and recently fell more than the broader market in the latest session; price sits below the 50‑day and roughly at the 200‑day moving average, which may signal technical weakness for short‑term traders. Zacks: Short‑term Dip

ON Trading Down 0.1%

Shares of NYSE:ONON opened at $44.82 on Friday. The company’s 50-day moving average price is $46.55 and its two-hundred day moving average price is $45.10. On Holding AG has a one year low of $34.38 and a one year high of $64.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.55 and a quick ratio of 2.05. The stock has a market capitalization of $28.14 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 1.35 and a beta of 2.15.

About ON

On Holding AG, commonly known as On, is a Swiss performance footwear and apparel company headquartered in Zurich. Founded in 2010, the company designs, develops and sells running shoes, performance apparel and accessories for road, trail and everyday use. On’s product philosophy centers on engineered cushioning and responsiveness intended to serve both serious athletes and lifestyle consumers.

On is best known for its proprietary midsole technology and distinctive sole architecture, marketed under names such as the Cloud family of shoes and related performance lines.