Gates Industrial (NYSE:GTES) Raised to Strong-Buy at Wall Street Zen

Gates Industrial (NYSE:GTES) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

A number of other equities research analysts have also recently weighed in on the stock. Wolfe Research reiterated an “outperform” rating and set a $33.00 price target on shares of Gates Industrial in a research report on Thursday, July 9th. Weiss Ratings upgraded shares of Gates Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Robert W. Baird increased their price objective on shares of Gates Industrial from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Morgan Stanley lifted their target price on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on Gates Industrial from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Gates Industrial Stock Performance

Shares of Gates Industrial stock opened at $28.31 on Friday. Gates Industrial has a 52 week low of $20.88 and a 52 week high of $30.34. The business’s fifty day simple moving average is $27.07 and its 200-day simple moving average is $25.63. The firm has a market cap of $7.17 billion, a PE ratio of 20.08 and a beta of 1.25. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58.

Gates Industrial (NYSE:GTES) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $941.60 million during the quarter, compared to the consensus estimate 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 company earned $0.39 EPS. Gates Industrial has set its FY 2026 guidance at 1.620-1.700 EPS. 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 shares were sold at an average price of $29.56, for a total transaction of $177,360.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System lifted its stake in Gates Industrial by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 85,748 shares of the company’s stock worth $1,841,000 after acquiring an additional 479 shares during the last quarter. Xponance LLC grew its holdings in Gates Industrial by 3.7% during the 4th quarter. Xponance LLC now owns 13,792 shares of the company’s stock worth $296,000 after acquiring an additional 486 shares in the last quarter. Glenmede Investment Management LP increased its position in shares of Gates Industrial by 0.9% in the 3rd 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. Fifth Third Bancorp increased its position in shares of 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. Finally, Lido Advisors LLC raised its holdings in shares of Gates Industrial by 3.8% in the 4th quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock valued at $302,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.