Gates Industrial (NYSE:GTES) Price Target Raised to $39.00

Posted by George Bondi on Aug 6th, 2026

Gates Industrial (NYSE:GTES – Free Report) had its target price raised by Robert W. Baird from $37.00 to $39.00 in a research report report published on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

GTES has been the subject of a number of other reports. Wolfe Research reaffirmed an “outperform” rating and issued a $33.00 target price on shares of Gates Industrial in a research note on Thursday, July 9th. Royal Bank Of Canada lifted their price target on Gates Industrial from $30.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Morgan Stanley boosted their price target on Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. Weiss Ratings reaffirmed 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 “buy” rating to a “hold” rating in a report on Saturday, July 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Read Our Latest Stock Report on GTES

Gates Industrial Stock Down 1.9%

Gates Industrial stock opened at $29.28 on Monday. The stock has a market capitalization of $7.41 billion, a PE ratio of 20.77 and a beta of 1.25. Gates Industrial has a twelve month low of $20.88 and a twelve month high of $30.34. The company has a quick ratio of 2.36, a current ratio of 3.24 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $26.96 and a 200-day moving average of $25.55.

Gates Industrial (NYSE:GTES – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Gates Industrial had a net margin of 10.37% and a return on equity of 10.11%. The company had revenue of $941.60 million during the quarter, compared to the consensus estimate of $927.28 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue 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 research analysts anticipate that Gates Industrial will post 1.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peifang Zhang sold 6,000 shares of the 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 completion of the transaction, the director owned 50,044 shares in the company, valued at approximately $1,479,300.64. This represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Gates Industrial

Several institutional investors and hedge funds have recently added to or reduced their stakes in GTES. Paradice Investment Management LLC boosted its holdings in shares of Gates Industrial by 8.1% in the 4th quarter. Paradice Investment Management LLC now owns 1,292,301 shares of the company’s stock valued at $27,746,000 after buying an additional 97,382 shares during the last quarter. SG Americas Securities LLC increased its holdings in Gates Industrial by 46.7% during the fourth quarter. SG Americas Securities LLC now owns 70,186 shares of the company’s stock worth $1,507,000 after buying an additional 22,338 shares during the last quarter. Van Berkom & Associates Inc. acquired a new position in Gates Industrial during the fourth quarter worth $68,614,000. Kennedy Capital Management LLC raised its position in Gates Industrial by 6.7% during the fourth quarter. Kennedy Capital Management LLC now owns 1,528,525 shares of the company’s stock worth $32,817,000 after acquiring an additional 96,392 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Gates Industrial by 708.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 257,930 shares of the company’s stock worth $5,832,000 after acquiring an additional 226,012 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

Gates Industrial Company Profile

(Get 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.