Gates Industrial (GTES)

• Market cap: $5.33B
• 1 day: 2.20%
• 5 days: 3.05%
• 1 month: 1.55%
• 3 months: 12.82%
• 6 months: 19.32%
• Year to date: 2.55%
• 1 year: 61.33%
• 5 years: 60.95%
• 10 years: 13.19%
• Sector: Industrials
• Industry: General Industrial Machinery & Equipment

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

• Low target: $23 10% upside
• Avg. target: $25 18% upside
• High target: $26 24% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Citigroup Andrew Kaplowitz 69% 1-year accuracy 55 / 80 met price target	15% upside $24	Buy Maintained	13 Jan 2025
RBC Capital Deane Dray 53% 1-year accuracy 33 / 62 met price target	24% upside $26	Outperform Maintained	12 Dec 2024
Goldman Sachs Jerry Revich 49% 1-year accuracy 18 / 37 met price target	15% upside $24	Neutral Maintained	12 Dec 2024
Jefferies Stephen Volkmann 18% 1-year accuracy 2 / 11 met price target	24% upside $26	Buy Maintained	6 Dec 2024
Barclays Julian Mitchell 65% 1-year accuracy 72 / 111 met price target	19% upside $25	Overweight Upgraded	5 Dec 2024