Pitstick Thomas G., an insider at Gates Industrial Corporation PLC (GTES), acquired 242,887 shares of the company on December 17, 2025, at a price of $6.56 per share, amounting to a total investment of $1.59 million. Following this transaction, Pitstick holds a total of 242,887 shares in the company.
Such decisions reflect confidence in the company's future, as insiders often have access to critical non-public information. However, while insider buying can be seen as a positive signal, it should not be the sole basis for investment decisions. Various personal or regulatory factors may influence these transactions.
Insider trades are reported to the SEC, offering transparency into executive sentiment regarding their company's stock. Investors are encouraged to analyze broader patterns of insider activity rather than focusing on individual transactions. This approach allows for a more comprehensive understanding of the company's potential.
Gates Industrial Corporation, which operates in the machinery sector, specializes in engineered power transmission and fluid solutions. The company, headquartered in Denver, Colorado, has a market capitalization of $5.9 billion and employs approximately 14,100 full-time workers. With a P/E ratio of 24.76 and an EPS of 0.91, the firm is positioned to report earnings on July 28, 2026, with an estimated EPS of $0.41 and revenue of $931.1 million, following an anticipated EPS of $0.36 and revenue of $890.0 million on April 28, 2026.