Sen. Angus S. King Jr. Purchases Shares of On Holding AG (NYSE:ONON)

Senator Angus S. King Jr. (I-Maine) recently bought shares of On Holding AG (NYSE:ONON). In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in ON stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 7/21/2025.

ON Stock Performance

ONON stock traded down $0.7520 during midday trading on Monday, reaching $45.8080. 2,213,698 shares of the company’s stock traded hands, compared to its average volume of 5,471,767. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The stock has a market cap of $28.84 billion, a P/E ratio of 101.93, a PEG ratio of 2.69 and a beta of 2.24. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $50.41 and its 200 day moving average is $49.99.

Institutional Trading of ON

Several large investors have recently bought and sold shares of ONON. Alliancebernstein L.P. lifted its stake in ON by 13.9% during the 1st quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company’s stock valued at $869,388,000 after acquiring an additional 2,416,534 shares during the period. Jennison Associates LLC increased its holdings in shares of ON by 136.6% during the 1st quarter. Jennison Associates LLC now owns 4,848,438 shares of the company’s stock valued at $212,943,000 after purchasing an additional 2,798,794 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of ON during the 2nd quarter valued at approximately $248,113,000. Sands Capital Management LLC purchased a new position in shares of ON during the 2nd quarter valued at approximately $240,177,000. Finally, Bamco Inc. NY raised its position in ON by 3.3% during the second quarter. Bamco Inc. NY now owns 4,139,974 shares of the company’s stock worth $215,486,000 after acquiring an additional 132,756 shares during the period. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on ONON shares. Morgan Stanley upped their target price on shares of ON from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, August 13th. Needham & Company LLC restated a “buy” rating and set a $62.00 target price on shares of ON in a research report on Tuesday, August 12th. Jefferies Financial Group set a $40.00 price objective on shares of ON and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Truist Financial increased their target price on shares of ON from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th. Finally, Raymond James Financial downgraded shares of ON from a “strong-buy” rating to an “outperform” rating and set a $66.00 target price on the stock. in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ON has an average rating of “Moderate Buy” and a consensus target price of $64.20.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.

King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

ON Company Profile

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.