Gates IndustrialGTES
About: Gates Industrial Corp PLC is a manufacturer of engineered power transmission and fluid power solutions. The company has two operating segments; Power Transmission and Fluid Power segments. The Power Transmission solutions convey power and control motion. It is used in applications in which belts, chains, cables, geared transmissions, or direct drives transfer power from an engine or motor to another part or system. The Fluid power solutions are used in applications in which hoses and rigid tubing assemblies either transfer power hydraulically or convey fluids, gases, or granular materials from one location to another. The company generates key revenue from the Power Transmission segment.
Employees: 14,700
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9,332% more call options, than puts
Call options by funds: $69.6M | Put options by funds: $738K
29% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 49
23% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 99
11% more capital invested
Capital invested by funds: $4.28B [Q2] → $4.73B (+$453M) [Q3]
4% more funds holding
Funds holding: 300 [Q2] → 312 (+12) [Q3]
0.49% less ownership
Funds ownership: 103.54% [Q2] → 103.05% (-0.49%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
RBC Capital Deane Dray 45% 1-year accuracy 25 / 55 met price target | 20%upside $27 | Outperform Maintained | 7 Feb 2025 |
Keybanc Jeffrey Hammond 56% 1-year accuracy 22 / 39 met price target | 20%upside $27 | Overweight Maintained | 7 Feb 2025 |
Citigroup Andrew Kaplowitz 56% 1-year accuracy 45 / 81 met price target | 6%upside $24 | Buy Maintained | 13 Jan 2025 |
Goldman Sachs Jerry Revich 39% 1-year accuracy 13 / 33 met price target | 6%upside $24 | Neutral Maintained | 12 Dec 2024 |
Jefferies Stephen Volkmann 18% 1-year accuracy 2 / 11 met price target | 15%upside $26 | Buy Maintained | 6 Dec 2024 |
Financial journalist opinion
Based on 6 articles about GTES published over the past 30 days









