NYSE:GTES Gates Industrial (GTES) Stock Price, News & Analysis $17.84 +0.44 (+2.53%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$17.49▼$17.9150-Day Range$15.23▼$17.8452-Week Range$10.68▼$17.99Volume2.62 million shsAverage Volume3.11 million shsMarket Capitalization$4.66 billionP/E Ratio19.60Dividend YieldN/APrice Target$19.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Gates Industrial alerts: Email Address Gates Industrial MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside7.2% Upside$19.13 Price TargetShort InterestHealthy3.24% of Float Sold ShortDividend StrengthN/ASustainability-1.94Upright™ Environmental ScoreNews Sentiment0.92Based on 4 Articles This WeekInsider TradingSelling Shares$328.64 M Sold Last QuarterProj. Earnings Growth19.69%From $1.27 to $1.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.76 out of 5 starsConstruction Sector38th out of 101 stocksGeneral Industrial Machinery & Equipment Industry5th out of 9 stocks 1.3 Analyst's Opinion Consensus RatingGates Industrial has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageGates Industrial has only been the subject of 2 research reports in the past 90 days.Read more about Gates Industrial's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.24% of the float of Gates Industrial has been sold short.Short Interest Ratio / Days to CoverGates Industrial has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Gates Industrial has recently decreased by 3.18%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldGates Industrial does not currently pay a dividend.Dividend GrowthGates Industrial does not have a long track record of dividend growth. Previous Next 1.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGates Industrial has received a -31.34% net impact score from Upright. The largest negative impact of Gates Industrial in category "GHG emissions" seems to be driven mostly by its "Belt drives", "Couplings", and "Rubber hoses" products. See details.Environmental SustainabilityThe Environmental Impact score for Gates Industrial is -1.94. Previous Next 2.7 News and Social Media Coverage News SentimentGates Industrial has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Construction companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Gates Industrial this week, compared to 7 articles on an average week.MarketBeat Follows4 people have added Gates Industrial to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Gates Industrial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $328,641,250.00 in company stock.Percentage Held by InsidersOnly 2.30% of the stock of Gates Industrial is held by insiders.Percentage Held by Institutions98.50% of the stock of Gates Industrial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Gates Industrial's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Gates Industrial are expected to grow by 19.69% in the coming year, from $1.27 to $1.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Gates Industrial is 19.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Gates Industrial is 19.60, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 22.67.Price to Book Value per Share RatioGates Industrial has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Gates Industrial's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad DarwinTop Stock Unveiled!Ready to discover the standout stock of 2024? We’ve identified a single buy & hold gem that’s poised to redefine your portfolio. Download our exclusive report now and dive into the Insights. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time.Get Your Free Report About Gates Industrial Stock (NYSE:GTES)Gates Industrial Corporation PLC designs and manufactures power transmission equipment. Its products serves harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation.Read More GTES Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GTES Stock News HeadlinesJuly 24 at 6:18 AM | americanbankingnews.comGates Industrial (GTES) Set to Announce Quarterly Earnings on WednesdayJuly 17, 2024 | prnewswire.comGates Industrial Announces Time Change for Second-Quarter 2024 Conference CallJuly 26, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.July 16, 2024 | prnewswire.comAbercrombie & Fitch Set to Join S&P MidCap 400; Gates Industrial to Join S&P SmallCap 600July 9, 2024 | prnewswire.comGates Industrial Announces Second-Quarter 2024 Earnings Release DateJune 17, 2024 | prnewswire.comGates Welcomes Chief Accounting OfficerJune 9, 2024 | seekingalpha.comGates Industrial: Maintaining Robust Margin With Plans For Market ExtensionMay 29, 2024 | uk.news.yahoo.comFire service presence scaled down overnight after large blaze at industrial siteJuly 26, 2024 | Traders Agency (Ad)top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.May 27, 2024 | msn.comBill Gates Isn't a Farmer, So Why Is He Buying So Much Farmland? A Famous Native American Leader Calls Him Out.May 23, 2024 | finance.yahoo.comGates Industrial Insiders Placed Bullish Bets Worth US$14.4mMay 22, 2024 | prnewswire.comGATES ANNOUNCES PRICING OF $500 MILLION OF 6.875% SENIOR NOTES DUE 2029May 22, 2024 | msn.comGates Industrial announces intention to offer $500M of senior notesMay 22, 2024 | finance.yahoo.comGATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTESMay 22, 2024 | prnewswire.comGATES ANNOUNCES INTENTION TO OFFER $500 MILLION OF SENIOR NOTESMay 16, 2024 | msn.comGateshead manufacturer Gate 7 to create 30 jobs with expansion into IndiaMay 16, 2024 | prnewswire.comGATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 17,500,000 ORDINARY SHARESMay 16, 2024 | msn.comMore retail, apartments on the way at the Gates of ProsperSee More Headlines Receive GTES Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Gates Industrial and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/01/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorConstruction Industry General industrial machinery & equipment Sub-IndustryN/A Current SymbolNYSE:GTES CUSIPN/A CIK1718512 Webwww.gates.com Phone303-744-1911FaxN/AEmployees14,700Year FoundedN/APrice Target and Rating Average Stock Price Target$19.13 High Stock Price Target$26.00 Low Stock Price Target$14.00 Potential Upside/Downside+7.2%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio19.60 Forward P/E Ratio14.05 P/E GrowthN/ANet Income$232.90 million Net Margins6.97% Pretax Margin9.05% Return on Equity10.52% Return on Assets5.08% Debt Debt-to-Equity Ratio0.69 Current Ratio3.06 Quick Ratio2.15 Sales & Book Value Annual Sales$3.57 billion Price / Sales1.31 Cash Flow$2.25 per share Price / Cash Flow7.94 Book Value$13.42 per share Price / Book1.33Miscellaneous Outstanding Shares261,380,000Free Float255,368,000Market Cap$4.66 billion OptionableOptionable Beta1.44 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.Get This Free Report Key ExecutivesDavid L. Calhoun (Age 60)Chairman of the Board Ivo Jurek (Age 53)Chief Executive Officer, Director David H. Naemura (Age 48)Chief Financial Officer Walter T. Lifsey (Age 59)Chief Operating Officer Jamey S. Seely (Age 46)Executive Vice President, General Counsel, Corporate Secretary Roger C. Gaston (Age 61)Executive Vice President of Human Resources Gregory F. Kirchhoff (Age 59)Senior Vice President - Corporate Controller John C. Plant (Age 64)Director Julia C. Kahr (Age 39)Independent Director Terry A. Klebe (Age 62)Independent Director More ExecutivesKey CompetitorsZebra TechnologiesNASDAQ:ZBRAZurn Elkay Water SolutionsNYSE:ZWSEnerflexNYSE:EFXTGrahamNYSE:GHMTwin DiscNASDAQ:TWINView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCSold 124,694 shares on 7/26/2024Ownership: 5.596%Bank of New York Mellon CorpBought 147,846 shares on 7/26/2024Ownership: 0.226%Bailard Inc.Sold 4,500 shares on 7/26/2024Ownership: 0.010%Raymond James Trust N.A.Bought 11,993 shares on 7/25/2024Ownership: 0.005%Hennion & Walsh Asset Management Inc.Bought 6,667 shares on 7/20/2024Ownership: 0.013%View All Insider TransactionsView All Institutional Transactions GTES Stock Analysis - Frequently Asked Questions How have GTES shares performed this year? Gates Industrial's stock was trading at $13.42 at the beginning of the year. Since then, GTES stock has increased by 32.9% and is now trading at $17.84. View the best growth stocks for 2024 here. How were Gates Industrial's earnings last quarter? Gates Industrial Corp PLC (NYSE:GTES) issued its earnings results on Wednesday, May, 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $862.60 million for the quarter, compared to analysts' expectations of $866 million. Gates Industrial had a trailing twelve-month return on equity of 10.52% and a net margin of 6.97%. What is Ivo Jurek's approval rating as Gates Industrial's CEO? 108 employees have rated Gates Industrial Chief Executive Officer Ivo Jurek on Glassdoor.com. Ivo Jurek has an approval rating of 54% among the company's employees. This puts Ivo Jurek in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. When did Gates Industrial IPO? Gates Industrial (GTES) raised $751 million in an IPO on Thursday, January 25th 2018. The company issued 38,500,000 shares at $18.00-$21.00 per share. Citigroup, Morgan Stanley and UBS Investment Bank acted as the underwriters for the IPO and Barclays, Credit Suisse, Goldman Sachs, RBC Capital Markets, Blackstone Capital Markets, Deutsche Bank Securities, Wells Fargo Securities Current Capital Securities, KeyBanc Capital Markets, Siebert Cisneros Shank, SunTrust Robinson Humphrey, Academy Securities, BTIG and Guggenheim Securities were co-managers. Who are Gates Industrial's major shareholders? Gates Industrial's top institutional shareholders include Allspring Global Investments Holdings LLC (5.60%), Leeward Investments LLC MA (0.47%), Confluence Investment Management LLC (0.43%) and Raymond James & Associates (0.25%). Insiders that own company stock include Neil P Simpkins, Ivo Jurek, Aggregator (Cayman) LP Omaha, Blackstone Inc, Fredrik J Eliasson and Wilson S Neely. View institutional ownership trends. How do I buy shares of Gates Industrial? Shares of GTES stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Gates Industrial own? Based on aggregate information from My MarketBeat watchlists, some other companies that Gates Industrial investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bristol-Myers Squibb (BMY), B2Gold (BTG) and Novavax (NVAX). This page (NYSE:GTES) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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