Gates Industrial Corporation PLC $GTES Shares Bought by KLCM Advisors Inc.

Posted by Francis Steltz on Jul 11th, 2026

KLCM Advisors Inc. grew its holdings in shares of Gates Industrial Corporation PLC (NYSE:GTES – Free Report) by 4.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 697,861 shares of the company’s stock after buying an additional 32,332 shares during the period. Gates Industrial accounts for about 1.3% of KLCM Advisors Inc.’s holdings, making the stock its 18th largest holding. KLCM Advisors Inc. owned about 0.27% of Gates Industrial worth $15,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GTES. New York State Teachers Retirement System raised its position in shares of Gates Industrial by 0.6% during the 4th 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 in the last quarter. Xponance LLC boosted its holdings in Gates Industrial by 3.7% in the fourth quarter. Xponance LLC now owns 13,792 shares of the company’s stock valued at $296,000 after purchasing an additional 486 shares in the last quarter. Glenmede Investment Management LP increased its stake 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. Lido Advisors LLC increased its stake 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. Finally, Transamerica Financial Advisors LLC raised its holdings in Gates Industrial by 51.9% during the fourth 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. 98.50% of the stock is owned by institutional investors and hedge funds.

Gates Industrial Stock Performance

Shares of NYSE:GTES traded up $0.28 on Friday, reaching $26.32. The company’s stock had a trading volume of 1,435,170 shares, compared to its average volume of 1,949,804. Gates Industrial Corporation PLC has a 52-week low of $20.88 and a 52-week high of $29.17. The stock has a market capitalization of $6.68 billion, a P/E ratio of 27.41 and a beta of 1.25. The stock’s 50-day moving average is $26.25 and its two-hundred day moving average is $24.91. 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 results on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $851.10 million for the quarter, compared to analyst estimates of $859.72 million. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. As a group, sell-side analysts forecast that Gates Industrial Corporation PLC will post 1.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GTES. Wolfe Research reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a research report on Thursday. Barclays dropped their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Robert W. Baird reduced their target price on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Finally, Wall Street Zen downgraded Gates Industrial from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.18.

View Our Latest Report on GTES

Gates Industrial Company Profile

(Free Report)

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.