Gates Industrial Corporation PLC (NYSE:GTES) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Gates Industrial Corporation PLC (NYSE:GTES) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.45.

GTES has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on Gates Industrial from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. KeyCorp boosted their price target on Gates Industrial from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Wolfe Research restated an “outperform” rating and issued a $33.00 price target on shares of Gates Industrial in a report on Thursday, July 9th. 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. Finally, DA Davidson assumed coverage on Gates Industrial in a report on Tuesday, September 1st. They set a “neutral” rating and a $29.00 price objective for the company.

Trending Headlines about Gates Industrial

Here are the key news stories impacting Gates Industrial this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.47 per share, exceeding analyst estimates of $0.44-$0.45 and rising from $0.39 a year earlier. Net sales increased 5.6% year over year to $903.6 million, broadly in line with expectations. Gates Industrial Reports Third-Quarter 2026 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook and now expects adjusted EPS of $1.66 to $1.72. The company is also targeting approximately 6.5% core sales growth in the fourth quarter, suggesting continued demand momentum. Gates anticipates 2026 adjusted EPS and Q4 core growth
• Neutral Sentiment: Reported net income attributable to shareholders was $86.5 million, or $0.34 per diluted share. Core sales grew 5.5%, while the company posted a 10.37% net margin and 10.11% return on equity. Gates Industrial third-quarter earnings results
• Negative Sentiment: Revenue merely matched expectations, and the stock’s decline on unusually heavy trading suggests the earnings beat and guidance increase did not fully satisfy investors. The market may have been looking for a larger forecast upgrade, stronger margins, or more evidence that growth can accelerate beyond the current outlook. Gates Industrial Q3 income rises and raises FY26 guidance

Insider Buying and Selling

In related news, Director Peifang Zhang sold 6,000 shares of Gates Industrial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following the sale, the director owned 44,044 shares of the company’s stock, valued at $1,301,940.64. The trade was a 11.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gates Industrial

Several large investors have recently added to or reduced their stakes in GTES. Fifth Third Bancorp increased its holdings in Gates Industrial by 46.3% in the 1st 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 last quarter. Evergreen Capital Management LLC boosted its holdings in Gates Industrial by 3.6% in the third quarter. Evergreen Capital Management LLC now owns 17,527 shares of the company’s stock valued at $459,000 after purchasing an additional 617 shares during the period. Parallel Advisors LLC boosted its stake in shares of Gates Industrial by 37.7% in 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. Sowell Financial Services LLC raised its holdings in Gates Industrial by 9.2% in the third quarter. Sowell Financial Services LLC now owns 8,399 shares of the company’s stock valued at $220,000 after acquiring an additional 706 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in Gates Industrial by 7.0% in the first quarter. Personal CFO Solutions LLC now owns 16,459 shares of the company’s stock worth $372,000 after acquiring an additional 1,077 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Gates Industrial Price Performance

Shares of GTES opened at $23.80 on Friday. The firm has a 50-day simple moving average of $26.05 and a two-hundred day simple moving average of $25.75. The stock has a market cap of $6.02 billion, a PE ratio of 16.88 and a beta of 1.28. 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.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $903.60 million for the quarter, compared to analyst estimates of $904.77 million. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, analysts forecast that Gates Industrial will post 1.58 EPS for the current year.

Gates Industrial Company Profile

Gates Industrial Corporation plc (NYSE: GTES) is a manufacturer of engineered power transmission and fluid power products. The company develops solutions designed to transfer power, control motion, and manage the flow of fluids in industrial and mobile applications.

Its product portfolio includes synchronous and V-belts, belt drives, hoses, hydraulic assemblies, couplings, tensioners, pulleys, and related components. Gates serves original equipment manufacturers, distributors, and aftermarket customers across industries such as automotive, agriculture, construction, energy, manufacturing, and general industrial equipment.

The company traces its roots to the Gates Rubber Company, founded in 1911 in Denver, Colorado.