30,828 Shares in Gates Industrial Corporation PLC $GTES Acquired by Gradient Investments LLC

Gradient Investments LLC purchased a new position in shares of Gates Industrial Corporation PLC (NYSE:GTES) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,828 shares of the company’s stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New York State Teachers Retirement System boosted its holdings in shares of Gates Industrial by 0.6% in the 4th quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock valued at $1,841,000 after acquiring an additional 479 shares during the last quarter. Xponance LLC raised its holdings in shares of Gates Industrial by 3.7% during the fourth quarter. Xponance LLC now owns 13,792 shares of the company’s stock worth $296,000 after purchasing an additional 486 shares during the last quarter. Fifth Third Bancorp lifted its position in Gates Industrial by 46.3% during the first quarter. Fifth Third Bancorp now owns 1,624 shares of the company’s stock valued at $37,000 after purchasing an additional 514 shares during the period. Glenmede Investment Management LP boosted its holdings in Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock valued at $1,366,000 after purchasing an additional 514 shares during the last quarter. Finally, Lido Advisors LLC boosted its holdings in Gates Industrial by 3.8% in the fourth quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock valued at $302,000 after purchasing an additional 521 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Gates Industrial from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Gates Industrial from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Morgan Stanley upped their target price on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings raised Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price target on Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Gates Industrial Stock Up 0.2%

GTES opened at $28.31 on Monday. The company has a fifty day moving average of $27.07 and a two-hundred day moving average of $25.63. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 20.08 and a beta of 1.25. Gates Industrial Corporation PLC has a fifty-two week low of $20.88 and a fifty-two week high of $30.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.36 and a current ratio of 3.24.

Gates Industrial (NYSE:GTES) last posted its 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 firm had revenue of $941.60 million for the quarter, compared to analysts’ expectations of $927.28 million. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, research analysts expect that Gates Industrial Corporation PLC will post 1.53 earnings per share for the current year.

Insider Activity at Gates Industrial

In other news, Director Peifang Zhang sold 6,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 44,044 shares of the company’s stock, valued at $1,301,940.64. This represents a 11.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by company insiders.

About Gates Industrial

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.