Gates Industrial Corporation PLC $GTES Shares Purchased by Franklin Resources Inc.

Key Points

• Franklin Resources boosted its stake in Gates Industrial (NYSE:GTES) by 22.3% in Q3, adding 1,261,849 shares to hold 6,923,169 shares (about 2.68% ownership) valued at $171.8 million.
• Gates Industrial beat Q results modestly with $0.38 EPS vs. $0.37 expected and $856.2M revenue, issued FY2026 EPS guidance of 1.520–1.680, and holds a "Moderate Buy" analyst consensus with an average price target of $30.73.

Franklin Resources Inc. increased its position in shares of Gates Industrial Corporation PLC (NYSE:GTES - Free Report) by 22.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,923,169 shares of the company's stock after buying an additional 1,261,849 shares during the period. Franklin Resources Inc. owned about 2.68% of Gates Industrial worth $171,833,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of Gates Industrial by 1.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 52,700 shares of the company's stock valued at $1,308,000 after acquiring an additional 500 shares during the last quarter. CIBC Asset Management Inc raised its position in Gates Industrial by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 13,612 shares of the company's stock valued at $338,000 after purchasing an additional 565 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Gates Industrial by 2.4% during the third quarter. Tectonic Advisors LLC now owns 24,762 shares of the company's stock worth $615,000 after buying an additional 572 shares during the period. Allworth Financial LP grew its stake in shares of Gates Industrial by 43.0% in the 2nd quarter. Allworth Financial LP now owns 2,096 shares of the company's stock valued at $48,000 after purchasing an additional 630 shares during the last quarter. Finally, Highland Capital Management LLC grew its position in Gates Industrial by 1.2% in the 3rd quarter. Highland Capital Management LLC now owns 52,900 shares of the company's stock valued at $1,313,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Gates Industrial Trading Down 2.9%

Shares of GTES opened at $23.17 on Friday. The stock has a market cap of $5.88 billion, a PE ratio of 23.89 and a beta of 1.23. Gates Industrial Corporation PLC has a 12 month low of $14.70 and a 12 month high of $28.47. The stock's 50-day moving average is $24.83 and its two-hundred day moving average is $24.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.37 and a quick ratio of 2.42.

Gates Industrial (NYSE:GTES - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $856.20 million during the quarter, compared to the consensus estimate of $853.35 million. Gates Industrial had a net margin of 7.30% and a return on equity of 10.36%. Gates Industrial's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Equities analysts forecast that Gates Industrial Corporation PLC will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

GTES has been the topic of several recent analyst reports. Wall Street Zen upgraded Gates Industrial from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 14th. Royal Bank Of Canada restated an "outperform" rating and set a $31.00 target price on shares of Gates Industrial in a report on Friday, February 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of Gates Industrial in a report on Monday, December 29th. Morgan Stanley boosted their price objective on shares of Gates Industrial from $25.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Citigroup increased their target price on Gates Industrial from $27.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Gates Industrial has an average rating of "Moderate Buy" and a consensus price target of $30.73.

About Gates Industrial

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.

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