Pitstick Thomas G., an insider at Gates Industrial Corporation PLC (GTES), sold 242,871 shares of the company on December 17, 2025, at a price of $21.44 per share. The total value of the transaction amounted to $5.21 million. Following this sale, Pitstick retains 242,871 shares of the company.
Gates Industrial Corporation, headquartered in Denver, Colorado, specializes in engineered power transmission and fluid solutions. The company operates within the machinery industry and employs approximately 14,100 full-time employees. Its segments include Power Transmission and Fluid Power, providing a range of products for diverse applications across multiple industries, including agriculture and construction.
The company's market capitalization stands at $5.9 billion, with a trailing P/E ratio of 24.76 and an earnings per share (EPS) of 0.91. Upcoming earnings are expected on July 28, 2026, with estimates of $0.41 EPS and $931.1 million in revenue.
Insider transactions are reported to the SEC, offering transparency regarding executive stock holdings. While selling activity can reflect various personal or financial strategies, it should be viewed in the context of broader insider activity rather than as a standalone indicator of company performance.