Gates Industrial (NYSE:GTES) Reaches New 12-Month High – Time to Buy?

Posted by Geri Gentry on Jun 27th, 2026

Gates Industrial Corporation PLC (NYSE:GTES – Get Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as $28.87 and last traded at $29.0670, with a volume of 212598 shares traded. The stock had previously closed at $27.25.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird dropped their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Barclays lowered their target price on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Morgan Stanley increased their price target on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Wall Street Zen downgraded shares of Gates Industrial from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of Gates Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Gates Industrial currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Get Our Latest Report on Gates Industrial

Gates Industrial Trading Down 0.6%

The firm has a fifty day simple moving average of $25.97 and a 200-day simple moving average of $24.56. The firm has a market cap of $7.32 billion, a P/E ratio of 30.04 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.67 and a quick ratio of 2.66.

Gates Industrial (NYSE:GTES – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The firm had revenue of $851.10 million during the quarter, compared to the consensus estimate of $859.72 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. On average, equities research analysts expect that Gates Industrial Corporation PLC will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in shares of Gates Industrial during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC increased 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 worth $34,000 after purchasing an additional 539 shares in the last quarter. Fifth Third Bancorp increased 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 worth $37,000 after purchasing an additional 514 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Gates Industrial by 37.7% in the first quarter. Parallel Advisors LLC now owns 2,536 shares of the company’s stock worth $57,000 after purchasing an additional 694 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Gates Industrial in the 3rd quarter valued at $65,000. 98.50% of the stock is owned by institutional investors.

Gates Industrial Company Profile

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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.