Gates Industrial (GTES)

• Market cap: $4.18B
• 1 day: -3.37%
• 5 days: -7.67%
• 1 month: -15.50%
• 3 months: -21.87%
• 6 months: -11.85%
• Year to date: -19.88%
• 1 year: -4.88%
• 5 years: 126.91%
• 10 years: -11.57%
• Sector: Industrials
• Industry: Specialty Industrial Machinery

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. Company operates in USA, United Kingdom, Luxembourg, EMEA, with majority revenue from USA.

Employees: 14,100

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 35

71% more call options, than puts

Call options by funds: $10.4M | Put options by funds: $6.07M

45% more repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 98

19% more capital invested

Capital invested by funds: $4.73B [Q3] → $5.63B (+$903M) [Q4]

7% more funds holding

Funds holding: 312 [Q3] → 335 (+23) [Q4]

4.58% more ownership

Funds ownership: 102.94% [Q3] → 107.52% (+4.58%) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $21 28% upside
• Avg. target: $23 40% upside
• High target: $27 65% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

Citigroup Andrew Kaplowitz 10% 1-year accuracy 9 / 88 met price target	28% upside $21	Buy Maintained	14 Apr 2025
Barclays Julian Mitchell 30% 1-year accuracy 37 / 124 met price target	34% upside $22	Overweight Maintained	10 Apr 2025
Keybanc Jeffrey Hammond 22% 1-year accuracy 10 / 45 met price target	28% upside $21	Overweight Maintained	8 Apr 2025
Goldman Sachs Jerry Revich 42% 1-year accuracy 8 / 19 met price target	41% upside $23	Neutral Maintained	19 Mar 2025
Evercore ISI Group David Raso 20% 1-year accuracy 4 / 20 met price target	41% upside $23	In-Line Maintained	19 Feb 2025