Gates Industrial Corporation plc
In the published model solve dated 2026-Q2, anchored at $25.95, Gates Industrial Corporation plc (GTES) is priced for +16.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Gates makes industrial belts, hoses, and fluid-power components, and the Power Transmission segment alone was about 62% of net sales in fiscal 2025, with the business leaning heavily on replacement demand rather than one-time equipment sales, per the FY2025 10-K. • The price asks for a lot: at roughly 19 times operating income the market is paying for about 21% annual operating-profit growth for five years, a pace only about a third of comparable fast-growers have sustained that long. • The ne
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372 institutional managers reported holding GTES in 13F filings for the quarter ended 2026-03-31. 55 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 12.0M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (6.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GTES has cut its share count 13.7% over the past five years, spending $750.20M on repurchases. It pays no dividend. Cash returned over the past three years: $312.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at GTES over the trailing three years: 2024: 7 buys totaling $14.01M; 2025: 1 buy totaling $1.17M. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GTES's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -1.6% | -13.5% |
| 2023-11-04 | +4.5% | +13.1% |
| 2024-02-09 | -4.4% | +37.5% |
| 2024-05-02 | -6.6% | -4.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GTES's latest 8-K filings: 2026-07-31 (items 2.02, 9.01); 2026-07-16 (items 8.01); 2026-06-25 (items 5.07, 7.01, 8.01, 9.01); 2026-06-10 (items 5.07); 2026-05-01 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.