Elevation Point Wealth Partners LLC Acquires New Shares in Fastenal Company $FAST

Posted by Geri Gentry on Aug 24th, 2026

Elevation Point Wealth Partners LLC bought a new stake in Fastenal Company (NASDAQ:FAST – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,801 shares of the company’s stock, valued at approximately $1,816,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Fastenal in the second quarter worth about $5,105,454,000. Bank of New York Mellon Corp bought a new stake in shares of Fastenal during the 2nd quarter valued at approximately $859,310,000. Norges Bank acquired a new position in Fastenal during the 4th quarter worth approximately $646,046,000. Wellington Management Group LLP lifted its stake in Fastenal by 243.5% in the 4th quarter. Wellington Management Group LLP now owns 12,095,194 shares of the company’s stock valued at $485,380,000 after purchasing an additional 8,574,208 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Fastenal by 106.1% in the 2nd quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock valued at $648,118,000 after purchasing an additional 7,943,217 shares during the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Ancius sold 3,000 shares of Fastenal stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $49.00, for a total value of $147,000.00. Following the transaction, the director directly owned 58,690 shares of the company’s stock, valued at $2,875,810. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rita J. Heise sold 34,964 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $50.05, for a total value of $1,749,948.20. Following the completion of the sale, the director owned 20,000 shares in the company, valued at $1,001,000. The trade was a 63.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.28% of the stock is owned by insiders.

Fastenal Stock Performance

Shares of Fastenal stock opened at $51.26 on Monday. The stock has a market cap of $58.82 billion, a price-to-earnings ratio of 43.44, a P/E/G ratio of 3.20 and a beta of 0.72. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $52.92. The company’s fifty day moving average is $47.96 and its 200 day moving average is $46.38. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01.

Fastenal (NASDAQ:FAST – Get Free Report) last announced its earnings results on Tuesday, July 14th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.34 billion. Fastenal had a return on equity of 34.03% and a net margin of 15.45%.Fastenal’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. Sell-side analysts forecast that Fastenal Company will post 1.26 EPS for the current year.

Fastenal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Tuesday, July 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, July 28th. Fastenal’s dividend payout ratio is 88.14%.

Analyst Ratings Changes

FAST has been the topic of a number of research reports. Rothschild & Co Redburn set a $55.00 target price on shares of Fastenal and gave the stock a “buy” rating in a research note on Monday, July 13th. Wolfe Research reiterated an “underperform” rating and issued a $47.00 price target on shares of Fastenal in a research note on Thursday, July 9th. Barclays reduced their price objective on Fastenal from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Fastenal in a report on Wednesday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a research report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fastenal currently has an average rating of “Hold” and a consensus target price of $49.17.

Read Our Latest Stock Report on FAST

Fastenal Profile

(Free Report)

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.