Timken completes sale of belts business to Gates Industrial
The Timken Company has completed the sale of its belts business assets to Gates Industrial Corporation Ltd. The divestiture is expected to help Timken achieve its 2028 margin targets by allowing a greater focus on advanced motion technology. This move is projected to improve the adjusted EBITDA margins of Timken’s Industrial Motion segment and be accretive to earnings per share in 2027.
Gates Completes Acquisition of the Belts Business from The Timken Company
Gates Industrial Corporation Ltd. (NYSE: GTES) has completed its acquisition of The Timken Company's belts business, including manufacturing assets. This acquisition expands Gates' North American power transmission capabilities, adding manufacturing capacity and strengthening customer relationships across various industrial and mobility markets. The company plans a structured integration and will take operational control of Timken's belts manufacturing facility in San Jose Iturbide, Mexico.
Timken Co. completes sale of belts business to Gates Industrial
The Timken Co. has finalized the sale of its belts manufacturing assets to Gates Industrial Corporation, a move announced on September 28. This divestiture aligns with Timken's strategy to reach 2028 margin targets and concentrate on advanced motion technology, while Gates Industrial strengthens its power transmission position. Financial details of the deal were not disclosed, but Gates will take over operations at the San Jose Iturbine, Mexico facility.
Timken completes sale of belts business to Gates Industrial By Investing.com
The Timken Company (NYSE:TKR) has completed the sale of its belts business assets to Gates Industrial Corporation Ltd. (NYSE:GTES). This divestiture is part of Timken's strategy to meet its 2028 margin targets and focus on advanced motion technology, expected to improve adjusted EBITDA margins for its Industrial Motion segment and be accretive to earnings per share in 2027. Timken, with over 125 years of operation and $4.6 billion in sales in 2025, designs engineered systems for various industries.
Gates Industrial Corporation Ltd. (GTES) Closes Timken Belts Acquisition
Gates Industrial Corporation Ltd. (GTES) has finalized its acquisition of The Timken Company's belts business, taking operational control of a belts plant in San Jose Iturbide, Mexico. While financial terms were not disclosed, this strategic move expands Gates' presence and channels in North America, aiming to boost supply, margins, and revenue resilience. The acquisition is expected to add scale in power transmission and broader customer channels for Gates.
Timken Finalizes Belts Business Divestiture to Gates - News and Statistics
The Timken Company has completed the sale of its belts business assets to Gates Industrial Corporation Ltd. The divestiture is a strategic move for Timken to focus on its core advanced motion technology business and is expected to improve adjusted EBITDA margins and be accretive to earnings per share in 2027. Financial terms of the transaction were not disclosed.
Gates Completes Acquisition of the Belts Business from The Timken Company
Gates Industrial Corporation Ltd. has completed the acquisition of The Timken Company's belts business, including manufacturing assets, to strengthen its North American power transmission capabilities. This acquisition expands Gates' manufacturing capacity and customer relationships in industrial OEM, industrial aftermarket, and mobility power sports markets. Gates will integrate Timken's belts business, including assuming operational control of a manufacturing facility in Mexico, to enhance its market position.
Gates Industrial (GTES) Benefits From AI Growth Without Being an AI Stock
Gates Industrial Corporation Ltd. (GTES) is highlighted by Auxier Asset Management as a beneficiary of the AI buildout, specifically from increased demand for energy generation and cooling in data centers, even though it's not a direct AI stock. The company, a manufacturer of power transmission and fluid power solutions, saw its shares decline recently but gain over the past 52 weeks. Despite its potential, Auxier believes other AI stocks may offer greater upside and less risk.
WINTON GROUP Ltd Sells 65,922 Shares of Gates Industrial Corporation PLC $GTES
WINTON GROUP Ltd has reduced its stake in Gates Industrial Corporation PLC ($GTES) by selling 65,922 shares, decreasing its holdings by 51.6%. Despite this, institutional investors collectively own 98.5% of the company. Gates Industrial recently reported strong quarterly earnings, exceeding analyst estimates, and analysts maintain a "Moderate Buy" rating for the stock.
Gates Industrial raises revenue growth guidance to 5.5%-6.5% for Q3 and Q4 2026
Gates Industrial has increased its revenue growth guidance for Q3 and Q4 2026 to 5.5% and 6.5% respectively. This update came from CEO Ivo Jurek at the Jefferies Global Industrials Conference and reflects the company's confidence in ongoing business improvements and organic growth. Investors can anticipate continued progress in line with these revised targets.
At the New York Stock Exchange, Gates Industrial will hold an investor event
Gates Industrial (GTES) will host a Capital Markets Day for investors, analysts, and other stakeholders on Thursday, November 19, 2026, at the New York Stock Exchange. The event will feature presentations by CEO Ivo Jurek, CFO Brooks Mallard, and other leadership team members. A live webcast and presentation materials will be available on the Gates Investor Relations website.
Gates Industrial to Host Capital Markets Day on November 19, 2026
Gates Industrial Corporation Ltd. (NYSE:GTES) announced it will host a Capital Markets Day on Thursday, November 19, 2026, from 9:00 a.m. to 12:30 p.m. Eastern Time at The New York Stock Exchange. The event will feature presentations by CEO Ivo Jurek and CFO Brooks Mallard, along with other leadership team members. A live webcast and presentation materials will be available on the Gates Investor Relations website.
Gates Industrial to Host Capital Markets Day on November 19, 2026
Gates Industrial Corporation Ltd. (NYSE:GTES) announced it will host a Capital Markets Day on November 19, 2026, at the New York Stock Exchange. The event will feature presentations from CEO Ivo Jurek, CFO Brooks Mallard, and other leadership team members, and will be accessible via webcast on the company's Investor Relations website. Gates Industrial is a global manufacturer of power transmission and fluid power solutions.
Public Employees Retirement System of Ohio Makes New Investment in Gates Industrial Corporation PLC $GTES
The Public Employees Retirement System of Ohio has acquired a new position in Gates Industrial Corporation PLC ($GTES), purchasing 77,445 shares valued at approximately $2.17 million. This investment comes as institutional investors and hedge funds already own a significant 98.5% of the company. Gates Industrial has a "Moderate Buy" consensus rating from analysts, with several price target increases following strong quarterly earnings that surpassed expectations.
Gates Industrial to Participate in Upcoming Investor Conferences
Gates Industrial Corporation plc (NYSE: GTES) announced its participation in two upcoming investor conferences: the J.P. Morgan Industrials Conference on March 14, 2023, and the Seaport Global Securities Annual Transports and Industrials Conference on March 16, 2023. This allows the company to engage with investors and discuss its business strategies and financial performance.
Gates Industrial to Participate in Upcoming Investor Conferences
Gates Industrial Corporation Ltd. (NYSE: GTES) announced its participation in two upcoming investor conferences in September 2026. CEO Ivo Jurek will present at the Jefferies Global Industrials Conference, and Jurek, CFO Brooks Mallard, and SVP Rich Kwas will present at the Morgan Stanley 14th Annual Laguna Conference. Live webcasts of these presentations will be available on the Gates Investor Relations website.
CRM SMALL CAP VALUE FUND's Gates Industrial Corp Ltd(GTES) Holding History
This article details CRM SMALL CAP VALUE FUND's historical holdings in Gates Industrial Corp Ltd (GTES). As of April 30, 2026, the fund held 72,346 shares of GTES, valued at $1.85 million, representing 2.73% of its portfolio. The fund's estimated gain on this investment is 4.92%, with an average purchase price of $25.00 per share.
Gates Industrial (GTES) Is Down 5.7% After Soft U.S. Industrial Data Hits Macro-Sensitive Outlook
Gates Industrial (GTES) shares dropped 5.7% following weaker-than-expected July U.S. industrial production data, highlighting the company's sensitivity to macroeconomic shifts. While the core investment narrative focuses on niche market positions and execution in high-growth verticals, investors are advised to consider the risk of a prolonged industrial slowdown. The company's Q2 2026 earnings and future projections provide a buffer, but softer industrial output remains a concern.
A Look at Gates Industrial Corp Ltd (GTES) After 3.6% Decline -- GF Value $22.02 vs Price $27.13
Gates Industrial Corp Ltd (GTES) shares recently declined by 3.6%, currently trading at $27.13. GuruFocus's GF Value suggests the stock is overvalued at $27.13 compared to its intrinsic value of $22.02. Despite a strong GF Score of 81/100, insider activity indicates a negative sentiment with $2.0 million worth of shares sold without any insider buying, suggesting caution for potential investors.
Gates Industrial director Zhang Peifang sells $171,720 in shares
Gates Industrial director Zhang Peifang sold 6,000 common shares of the company's stock for $171,720 on August 6, 2026, reducing his beneficial ownership to 44,044 shares. This transaction follows the company's strong second-quarter earnings, which surpassed Wall Street expectations and led to a raised full-year outlook.
Gates Industrial Corporation PLC (NYSE:GTES) Given Average Rating of "Moderate Buy" by Analysts
Gates Industrial Corporation PLC (NYSE:GTES) has received an average "Moderate Buy" rating from analysts, with a consensus 12-month price target of $33.00. The company recently reported strong quarterly results, exceeding EPS estimates and showing a 6.6% year-over-year revenue increase. Insider selling by a director and substantial institutional ownership are also noted, alongside recent adjustments to price targets by several research firms.
Gates Industrial director Zhang Peifang sells $171,720 in shares
Gates Industrial Corp Ltd. director Zhang Peifang sold 6,000 common shares for $171,720 on August 6, 2026, bringing his direct beneficial ownership to 44,044 shares. This transaction follows the company's strong second-quarter earnings report, where Gates Industrial surpassed Wall Street expectations and subsequently raised its full-year outlook.
Gates Industrial (GTES) Could Be 11% Undervalued As Growth Narrative Builds
Gates Industrial (GTES) is currently considered undervalued, with a fair value of $31.08 against a recent share price of $27.76. The company is experiencing strong double-digit revenue growth driven by innovation in personal mobility and a significant opportunity pipeline, expected to boost top-line results and gross margins. Investors are encouraged to review the company's financial narrative and consider associated risks such as weak industrial and automotive demand or trade barriers.
Gates Industrial (GTES) Files Form 15 To Voluntarily Deregister Shares
Gates Industrial (NYSE: GTES) has filed a Form 15 with the SEC to voluntarily deregister its shares, a move that will reduce SEC reporting requirements and alter how its stock trades publicly. This change will affect shareholder rights, disclosures, and access to company information once effective. Investors should monitor the delisting timeline, future capital return communications, and trading volume responses.
Gates Industrial Raises 2026 Outlook as Industrial Demand Strengthens
Gates Industrial (GTES) has increased its 2026 outlook following strong second-quarter results driven by improving demand across various industrial markets and robust order trends. The company reported adjusted earnings of 44 cents per share, surpassing estimates, and saw significant growth in its Power Transmission and Fluid Power segments, as well as its data center business. Despite potential risks like raw-material inflation, weak agricultural demand, and cautious distributor inventories, Gates expects continued demand momentum and higher margins, emphasizing the importance of strong execution to meet its revised targets.
Is Gates Stock Worth Buying as Growth Improves but Risks Persist?
Gates Industrial Corporation (GTES) is experiencing improved operating momentum with growth across both its Power Transmission and Fluid Power segments, leading to a raised full-year 2026 outlook. While its valuation appears discounted compared to industry benchmarks, the company faces risks from a weak South American agricultural market and rising oil-based material costs. Despite these challenges, strong cash flow and share repurchases support capital allocation, though a Zacks Rank #3 (Hold) suggests a balanced view on its recovery.
Gates Industrial Corporation PLC $GTES Stock Holdings Trimmed by Oliver Luxxe Assets LLC
Oliver Luxxe Assets LLC reduced its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 39.8% in the second quarter, selling 41,825 shares, though the company's financial performance exceeded expectations with strong EPS and revenue growth. Despite this trimming by one firm, several other institutional investors increased their holdings, and analyst sentiment remains positive with a "Moderate Buy" consensus and an average price target of $33.00. Gates Industrial also issued positive fiscal 2026 EPS guidance, reinforcing a generally optimistic outlook from the investment community.
Royal Bank of Canada Trims Position in Gates Industrial Corporation PLC $GTES
Royal Bank of Canada has reduced its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 22.4% during the first quarter, selling 141,031 shares and now owning 489,492 shares worth $11.069 million. Other institutional investors like Dimensional Fund Advisors LP and JPMorgan Chase & Co. have increased their holdings. Gates Industrial recently reported strong earnings, topping analyst estimates, and has received several analyst upgrades, with a consensus "Moderate Buy" rating.
Gates Industrial (GTES) Stock Still Looks Below Fair Value Today
Gates Industrial (GTES) stock has returned approximately 139% over the past three years and currently appears mildly undervalued, rather than a clear bargain, according to Simply Wall St. While the Discounted Cash Flow (DCF) model suggests a 19.5% discount and an intrinsic value of $35 per share, its P/E ratio is in line with expectations for its earnings profile. The core question for investors is whether the company can achieve the cash flow and margin assumptions supporting its intrinsic value, especially given potential execution risks.
Gates Industrial (GTES) Stock Still Looks Below Fair Value Today
Gates Industrial (GTES) stock has seen a significant 139% return over three years, but an intrinsic value estimate still suggests an upside with a roughly 19.5% discount based on a Discounted Cash Flow (DCF) model. While the DCF analysis points to undervaluation, the P/E ratio indicates the stock is roughly fairly valued compared to its earnings profile. The article highlights both bull and bear cases, with the former focusing on growth in data center liquid cooling and the latter on execution risks with efficiency projects.
Is Gates Stock Worth Buying as Growth Improves but Risks Persist?
Gates Industrial Corporation (GTES) shows improved operating momentum in Q2 2026 with increased core sales and adjusted EBITDA margin, leading to a raised full-year outlook. While growth is broad-based, risks like a weak South American agriculture market and higher oil-based material costs persist. The stock's valuation appears discounted against industry benchmarks but is above its five-year historical median, prompting a "Hold" rating from Zacks.
Gates Industrial (NYSE: GTES) director sells 6,000 shares at $28.62
Gates Industrial Corp Ltd. director Peifang Zhang reported selling 6,000 common shares on August 6, 2026, at $28.62 per share in an open market or private transaction. Following this sale, Zhang directly holds 44,044 common shares. The transaction was not made under a Rule 10b5-1 trading plan.
Gates Industrial Corporation Lt (GTES) Stock Forecasts
Argus has raised its target price for Gates Industrial Corporation PLC (GTES) to $31.00. The company, a manufacturer of engineered power transmission and fluid power solutions, is currently priced at $28.25. This report is exclusively available through Yahoo Finance Silver, suggesting a positive outlook for the industrial sector stock.
Sell Alert: Peifang Zhang Cashes Out $326K In Gates Industrial Stock
Peifang Zhang, a Director at Gates Industrial (NYSE: GTES), recently sold 11,000 shares of the company's stock, valued at $326,160. This insider transaction was reported in an SEC filing and occurred on August 5th. Gates Industrial is a manufacturer of fluid power and power transmission solutions, facing challenges in gross margin, EPS, and debt management, with its stock currently trading at $29.08.
Gates Industrial (NYSE: GTES) insider plans $171,720 sale of 6,000 shares
Peifang Zhang, an insider at Gates Industrial Corporation plc (NYSE: GTES), has filed to sell 6,000 shares of common stock through Charles Schwab & Co., Inc. The proposed sale has an aggregate market value of $171,720.00 and is related to a Restricted Stock Lapse that occurred on July 29, 2026, granted as equity compensation. The filing also details prior sales made by Zhang within the last three months, including 5,000 shares for $148,800 on August 4, 2026, and 6,000 shares for $177,360 on August 5, 2026.
BlackRock (NYSE: BLK) reports no beneficial ownership in Gates Industrial (GTES)
BlackRock, Inc. has filed an amended Schedule 13G indicating no beneficial ownership in Gates Industrial Corp Ltd. The filing states BlackRock holds 0 shares, representing 0.0% of the class, and possesses no sole or shared voting or dispositive power. While various individuals may have rights to dividends or sale proceeds from Gates Industrial's common stock, no single person holds more than five percent of the outstanding shares according to the report.
BlackRock, Inc. (GTES) discloses 29.4M-share, 11.6% holding in Gates Industrial
BlackRock, Inc. has disclosed a beneficial ownership of 29,417,072 shares of Gates Industrial Corp common stock, representing an 11.6% stake. The filing indicates BlackRock holds sole voting power over 28,907,184 shares and sole dispositive power over all 29,417,072 shares. Notably, the iShares Core S&P Small-Cap ETF, a BlackRock entity, holds more than five percent of the total outstanding common stock of Gates Industrial.
FMR LLC (GTES) discloses 19.6M-share, 7.7% Gates Industrial stake
FMR LLC has filed an amended Schedule 13G, disclosing beneficial ownership of 19,596,691.02 shares of Gates Industrial Corp PLC common stock, which represents a 7.7% stake in the company. FMR LLC holds sole dispositive power over all these shares and sole voting power over 19,570,252.39 shares. Abigail P. Johnson is also listed with sole dispositive power over the same number of shares.
California State Teachers Retirement System Purchases 58,990 Shares of Gates Industrial Corporation PLC $GTES
The California State Teachers Retirement System increased its holdings in Gates Industrial Corporation PLC (NYSE:GTES) by 24.2%, purchasing 58,990 additional shares and bringing its total to 303,123 shares valued at $6.85 million. Institutional investors now own 98.5% of the company. Gates Industrial reported strong quarterly earnings, beating estimates with an EPS of $0.44 and a 6.6% year-over-year revenue increase to $941.6 million, and provided fiscal 2026 EPS guidance of $1.62–$1.70. Analysts maintain a "Moderate Buy" consensus with an average price target of $33.
Gates Industrial (NYSE:GTES) Director Sells $148,800.00 in Stock
Gates Industrial (NYSE:GTES) Director Peifang Zhang sold 5,000 shares of the company's stock for $148,800 on August 4th, reducing their ownership by 8.19% to 56,044 shares. An additional sale of 6,000 shares for $177,360 occurred the following day. Despite the insider selling and a 1.9% dip in stock price, analyst sentiment remains positive with a "Moderate Buy" consensus and an average price target of $33.00, supported by strong institutional ownership.
Gates Industrial (NYSE: GTES) director sells 11,000 common shares
Gates Industrial Corp Ltd. director Zhang Peifang sold a total of 11,000 common shares on August 4-5, 2026, across two transactions at prices of $29.56 and $29.76 per share. These sales, totaling approximately $326,000, were not conducted under a Rule 10b5-1 trading plan. This follows a redomiciliation on July 20, 2026, where New Gates became the parent holding company, with a one-for-one share exchange for Old Gates shareholders.
Gates Industrial (GTES) insider plans sale of 6,000 shares after stock vesting
Peifang Zhang, an insider at Gates Industrial Corporation plc (GTES), has filed a Form 144 notice indicating a planned sale of 6,000 common shares. The proposed sale, valued at $177,360.00, is related to equity compensation from a Restricted Stock Lapse on July 29, 2026. This filing follows a previous sale of 5,000 shares by Zhang in the last three months, generating $148,800.00.
Gates Industrial Corp plc SEC Filing (Aug 4, 2026)
This article details a Form 144 SEC filing by Gates Industrial Corp plc (GTES) on August 4, 2026. The filing indicates a proposed sale of 6,717 shares of common stock, acquired through RSU/PSU compensation on February 22, 2020, through Charles Schwab & Co., Inc. The article provides the full text of the Form 144, including filer and issuer information, securities details, and acquisition specifics.
Gates Releases 2025 Corporate Sustainability Report
Gates Industrial Corporation Ltd. (NYSE: GTES) has released its 2025 Sustainability Report, detailing progress across its four pillars: Governance, Technology, Environment, and Stewardship. Key achievements include enhancing ESG data governance, receiving 67 patents for sustainable solutions, exceeding greenhouse gas emissions reduction targets by 16% (Scope 1 and 2), and improving employee safety. The report underscores Gates' commitment to creating long-term value through integrated sustainability practices.
Gates Industrial Corp Plc (1JL) Q2 2023 Earnings Report - Results, Call & Slides
This article details Gates Industrial Corp Plc's Q2 2023 earnings report, showing that the company beat both EPS and revenue expectations. Gates Industrial reported an actual EPS of €0.31 against a consensus of €0.29, and actual revenue of €813.40M against an expected €810.49M, marking a 3.25% year-over-year growth. The report also includes an audio recording of the earnings call and the company's earnings history.
Gates Industrial Corp plc SEC Filing (Aug 4, 2026)
This article reports on an SEC Form 144 filing by Gates Industrial Corp plc (GTES) on August 4, 2026. The filing indicates a proposed sale of 5,000 shares of common stock with an aggregate market value of $148,800. The shares were acquired on July 29, 2026, through a Restricted Stock Lapse as equity compensation.
Renaissance Technologies LLC Increases Stock Holdings in Gates Industrial Corporation PLC $GTES
Renaissance Technologies LLC significantly increased its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 20.2% in the first quarter, now holding 365,100 shares valued at $8.3 million. This move comes as Gates Industrial reported strong quarterly results, exceeding analyst expectations with EPS of $0.44 and revenue of $941.6 million, and also raised its fiscal 2026 EPS guidance. Following these positive developments, several analysts from firms like Citigroup, RBC, and Baird have raised their price targets for GTES, which currently holds a "Moderate Buy" consensus rating.
Gates Industrial stock hits all-time high at 29.18 USD
Gates Industrial Corporation plc's stock reached an all-time high of $29.18, resulting in a market capitalization of $7.37 billion. The company has seen a 30.32% year-to-date return, and its PEG ratio of 0.25 indicates an attractive valuation relative to growth. This achievement follows strong Q2 earnings, where adjusted earnings and revenue surpassed Wall Street expectations, leading to a raised full-year outlook.
First Trust Advisors LP Has $7.08 Million Position in Gates Industrial Corporation PLC $GTES
First Trust Advisors LP significantly increased its stake in Gates Industrial Corporation PLC (NYSE:GTES) by 68.8% in the first quarter, now holding 313,372 shares valued at $7.08 million. This comes as Gates Industrial reported strong second-quarter results, exceeding revenue and EPS expectations, and raised its fiscal 2026 adjusted EPS outlook. Analysts maintain a "Moderate Buy" consensus for GTES with an average price target of $31.50.
These Analysts Boost Their Forecasts On Gates Industrial After Better-Than-Expected Q2 Earnings
Gates Industrial (NYSE: GTES) reported better-than-expected Q2 financial results and raised its FY26 guidance, leading to positive analyst reactions. The company exceeded market estimates for adjusted EPS and sales, with CEO Ivo Jurek noting strong performance and improving order momentum. Following these results, several analysts, including those from Baird, Keybanc, and Wells Fargo, maintained their ratings while increasing their price targets for GTES stock.
