Gates Industrial (NYSE:GTES) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gates Industrial (NYSE:GTES) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Several other equities research analysts have also commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $33.00 price target on shares of Gates Industrial in a research report on Thursday, July 9th. Royal Bank Of Canada increased their price objective on shares of Gates Industrial from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Citigroup raised their price objective on shares of Gates Industrial from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Wells Fargo & Company boosted their target price on shares of Gates Industrial from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird upped their target price on shares of Gates Industrial from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gates Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Gates Industrial Stock Performance

GTES stock opened at $28.34 on Friday. The company has a market cap of $7.17 billion, a P/E ratio of 20.10 and a beta of 1.25. Gates Industrial has a 1 year low of $20.88 and a 1 year high of $30.34. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.24 and a quick ratio of 2.36. The stock’s fifty day moving average price is $27.12 and its 200-day moving average price is $25.67.

Gates Industrial (NYSE:GTES) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Gates Industrial had a return on equity of 10.11% and a net margin of 10.37%.The company had revenue of $941.60 million during the quarter, compared to analysts’ expectations of $927.28 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Gates Industrial’s revenue for the quarter was up 6.6% compared to the same quarter last year. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. On average, equities analysts forecast that Gates Industrial will post 1.53 earnings per share for the current year.

Insider Transactions at Gates Industrial

In other Gates Industrial news, Director Peifang Zhang sold 6,000 shares of the business’s 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 owned 44,044 shares of the company’s stock, valued at approximately $1,301,940.64. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Gates Industrial by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,546,581 shares of the company’s stock worth $261,040,000 after acquiring an additional 295,706 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Gates Industrial by 98.7% during the fourth quarter. JPMorgan Chase & Co. now owns 8,373,294 shares of the company’s stock valued at $179,775,000 after purchasing an additional 4,158,341 shares in the last quarter. Invesco Ltd. lifted its holdings in Gates Industrial by 5.9% during the fourth quarter. Invesco Ltd. now owns 8,322,654 shares of the company’s stock valued at $178,687,000 after purchasing an additional 461,160 shares in the last quarter. State Street Corp boosted its position in shares of Gates Industrial by 3.0% in the fourth quarter. State Street Corp now owns 7,971,572 shares of the company’s stock worth $171,150,000 after purchasing an additional 232,447 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Gates Industrial by 5.5% in the fourth quarter. Franklin Resources Inc. now owns 7,305,065 shares of the company’s stock worth $156,840,000 after purchasing an additional 381,896 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.