TD Waterhouse Canada Inc. Has $5.76 Million Position in Fastenal Company $FAST

Posted by Brenda Bartman on Sep 7th, 2026

TD Waterhouse Canada Inc. lowered its position in Fastenal Company (NASDAQ:FAST – Free Report) by 48.4% during the second quarter, Holdings Channel reports. The firm owned 120,557 shares of the company’s stock after selling 113,172 shares during the period. TD Waterhouse Canada Inc.’s holdings in Fastenal were worth $5,758,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kampmann Melissa S. raised its stake in Fastenal by 0.3% during the 2nd quarter. Kampmann Melissa S. now owns 98,373 shares of the company’s stock worth $4,725,000 after buying an additional 298 shares during the period. Barlow Wealth Partners LLC purchased a new stake in shares of Fastenal during the second quarter valued at approximately $278,000. NEOS Investment Management LLC increased its position in shares of Fastenal by 12.4% during the 2nd quarter. NEOS Investment Management LLC now owns 874,887 shares of the company’s stock valued at $42,021,000 after purchasing an additional 96,580 shares during the last quarter. High Net Worth Advisory Group LLC raised its position in Fastenal by 2.4% in the second quarter. High Net Worth Advisory Group LLC now owns 9,006 shares of the company’s stock worth $433,000 after acquiring an additional 214 shares during the period. Finally, Continuum Advisory LLC bought a new stake in shares of Fastenal in the 2nd quarter worth approximately $45,000. 81.38% of the stock is owned by institutional investors and hedge funds.

Fastenal Price Performance

FAST stock opened at $49.60 on Monday. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $52.92. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $48.71 and a 200 day moving average of $46.59. The firm has a market cap of $56.92 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.72.

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

Fastenal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.1%. This is a boost from Fastenal’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, July 28th. Fastenal’s dividend payout ratio (DPR) is presently 88.14%.

Insider Transactions at Fastenal

In related news, Director Michael J. Ancius sold 3,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the transaction, the director owned 58,690 shares in the company, valued at approximately $2,875,810. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rita Heise sold 34,964 shares of the 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 transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Fastenal in a report on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a research report on Thursday, June 4th. Wolfe Research reissued an “underperform” rating and issued a $47.00 target price on shares of Fastenal in a research note on Thursday, July 9th. Sanford C. Bernstein reissued an “underperform” rating on shares of Fastenal in a research note on Wednesday, July 15th. Finally, Barclays lowered their target price on Fastenal from $47.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.17.

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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.