Gates Industrial Corporation plc (GTES)

Over the past six months, Gates Industrial Corp. Plc's stock has shown an upward trend, increasing by 6.03%. The stock reached a new 52-week high of $26.74 on February 6, 2026. The company reported solid third-quarter 2025 results with net sales of $855.7 million, a 3.0% increase, and net income attributable to shareholders was $81.6 million. A new $300 million share repurchase authorization was announced. Analyst sentiment is split, with a consensus rating of "Moderate Buy" and a consensus price target of $27.09. Insider selling occurred in November 2025, with CFO Lawrence B. Mallard selling 22,188 shares.

Gates Industrial Corp. Plc's demand is influenced by various end markets, with strong replacement demand mitigating economic cyclicality. In the third quarter of 2025, replacement demand was strong, particularly in Automotive Replacement globally. Industrial OEM sales saw a mid-single-digit decline due to soft demand in agriculture and commercial truck sectors. The company's Q4 results are typically impacted by normal seasonality, and growing opportunities in data centers represent a new area of demand.

Gates Industrial Corp. Plc is a global manufacturer of power transmission and fluid power solutions, operating in the Industrials sector. The company is divided into Power Transmission and Fluid Power segments. The Power Transmission segment produces elastomer drive belts and related components for various applications. The Fluid Power segment specializes in hoses, tubing, and fittings for hydraulic fluid conveyance. Gates' products serve diverse end markets, with a significant portion of sales from replacement markets.

Gates Industrial Corp. Plc has a global presence, with North America accounting for 50% of sales, Europe, Middle East, and Africa at 26%, East Asia and India at 10%, China at 10%, and South America at 4%. The company sells its products in over 130 countries across four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.

Gates Industrial Corp. Plc maintains a strong brand reputation, built on its long history and focus on innovative solutions. The company launched over 60 new product platforms and is pursuing opportunities in high-growth markets like data centers. In November 2025, Gates launched Data Master™ Eco, a liquid cooling solution for data centers. Despite a decline in organic sales in 2025 due to weak industrial OEM demand, analysts generally hold a positive outlook.

Gates Industrial Corp. Plc has a predominantly institutional ownership structure, with approximately 65.77% of the company's stock held by institutional investors, 1.75% by insiders, and 32.48% by public companies and individual investors. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, and Fmr Llc.