Fastenal (NASDAQ:FAST) Price Target Raised to $59.00

Posted by George Bondi on Oct 24th, 2026

Fastenal (NASDAQ:FAST – Free Report) had its price objective hoisted by Argus from $55.00 to $59.00 in a research note published on Wednesday, Marketbeat reports. They currently have a buy rating on the stock.

FAST has been the subject of several other research reports. Morgan Stanley increased their price objective on shares of Fastenal from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Barclays cut their price objective on shares of 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 and issued a $47.00 target price (up from $42.00) on shares of Fastenal in a research note on Thursday, October 15th. Robert W. Baird upped their target price on shares of Fastenal from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Wolfe Research started coverage on Fastenal in a report on Tuesday, September 15th. They set an “underperform” rating and a $51.00 target price for the company. Seven 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.46.

Read Our Latest Research Report on FAST

Fastenal Price Performance

NASDAQ FAST opened at $51.91 on Wednesday. The business has a 50 day simple moving average of $50.36 and a 200 day simple moving average of $47.73. Fastenal has a 52-week low of $38.97 and a 52-week high of $52.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 3.93. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 3.16 and a beta of 0.69.

Fastenal (NASDAQ:FAST – Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.44 billion. Fastenal had a net margin of 15.62% and a return on equity of 35.13%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Analysts anticipate that Fastenal will post 1.27 earnings per share for the current fiscal year.

Fastenal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, October 28th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Fastenal’s dividend payout ratio (DPR) is 83.87%.

Insider Buying and Selling at Fastenal

In other Fastenal news, Director Rita Heise sold 34,964 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 20,000 shares of the company’s stock, valued at $1,001,000. The trade was a 63.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael J. Ancius sold 3,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was 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 approximately $2,875,810. This represents a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by insiders.

Institutional Trading of Fastenal

A number of hedge funds and other institutional investors have recently modified their holdings of FAST. BlackRock Inc. acquired a new position in Fastenal during the second quarter valued at approximately $5,105,454,000. State Street Corp increased its position in shares of Fastenal by 1.6% during the 2nd quarter. State Street Corp now owns 56,438,968 shares of the company’s stock worth $2,710,764,000 after purchasing an additional 869,793 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Fastenal during the 2nd quarter worth approximately $859,310,000. Bank of America Corp DE increased its position in shares of Fastenal by 12.0% during the 1st quarter. Bank of America Corp DE now owns 16,292,425 shares of the company’s stock worth $755,969,000 after purchasing an additional 1,744,193 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Fastenal by 1.2% during the 2nd quarter. Baird Financial Group Inc. now owns 15,561,007 shares of the company’s stock worth $747,395,000 after purchasing an additional 183,238 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Fastenal Company Profile

(Get Free Report)

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.