A number of firms have modified their ratings and price targets on shares of Fastenal (NASDAQ: FAST) recently:
- 10/15/2026 – Fastenal had its “underperform” rating reaffirmed by Sanford C. Bernstein. They now have a $47.00 price target on the stock, up from $42.00.
- 10/15/2026 – Fastenal had its price target raised by Robert W. Baird from $59.00 to $60.00. They now have an “outperform” rating on the stock.
- 10/13/2026 – Fastenal was given a new $51.00 price target by DA Davidson. They now have a “neutral” rating on the stock.
- 10/8/2026 – Fastenal was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 9/15/2026 – Fastenal is now covered by Wolfe Research. They set an “underperform” rating and a $51.00 price target on the stock.
- 9/11/2026 – Fastenal was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
- 9/4/2026 – Fastenal had its “outperform” rating reaffirmed by William Blair.
- 8/26/2026 – Fastenal was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
Fastenal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, October 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, October 28th. Fastenal’s payout ratio is presently 83.87%.
Insider Buying and Selling
In other Fastenal news, Director Michael J. Ancius sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 58,690 shares of the company’s stock, valued at $2,875,810. This trade represents a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rita Heise sold 34,964 shares of Fastenal stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $50.05, for a total transaction of $1,749,948.20. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $1,001,000. This trade represents a 63.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by insiders.
Fastenal Company is a distributor of industrial and construction supplies headquartered in Winona, Minnesota. Founded in 1967, the company primarily serves businesses that require products for manufacturing, construction, maintenance, repair and operations.
Its product range includes threaded fasteners, bolts, nuts, screws, industrial and safety supplies, tools, electrical and plumbing products, material-handling equipment, and other related items. Fastenal also provides inventory-management solutions, including automated vending machines, customer-specific inventory programs and onsite services designed to improve product availability and purchasing efficiency.
Fastenal serves customers through a network of locations and sales channels across the United States, Canada, Mexico, Europe and parts of Asia.
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