Brokerages Set Gates Industrial Corporation PLC (NYSE:GTES) Target Price at $33.00

Gates Industrial Corporation PLC (NYSE:GTES) has received an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.00.

GTES has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Gates Industrial from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Wolfe Research reissued an “outperform” rating and issued a $33.00 price target on shares of Gates Industrial in a research note on Thursday, July 9th. Wall Street Zen raised shares of Gates Industrial from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird raised their price objective on Gates Industrial from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd.

Gates Industrial Stock Performance

NYSE:GTES opened at $25.90 on Monday. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 18.37 and a beta of 1.25. The business has a 50 day moving average of $27.30 and a 200 day moving average of $25.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. Gates Industrial has a 1-year low of $20.88 and a 1-year high of $30.34.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $927.28 million. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, sell-side analysts predict that Gates Industrial will post 1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peifang Zhang sold 6,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $29.56, for a total transaction of $177,360.00. Following the completion of the sale, the director directly owned 44,044 shares in the company, valued at $1,301,940.64. This represents a 11.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Gates Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of GTES. Los Angeles Capital Management LLC bought a new position in shares of Gates Industrial in the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its holdings in Gates Industrial by 51.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after buying an additional 539 shares during the last quarter. Fifth Third Bancorp raised its holdings in Gates Industrial by 46.3% during the 1st quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock valued at $37,000 after buying an additional 514 shares during the last quarter. Parallel Advisors LLC boosted its position in Gates Industrial by 37.7% during the 1st quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock valued at $57,000 after buying an additional 694 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Gates Industrial by 273.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,911 shares of the company’s stock valued at $67,000 after buying an additional 2,131 shares during the period. Institutional investors own 98.50% of the company’s stock.

Gates Industrial Company Profile

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.