Twin Capital Management Inc. Cuts Stake in Fastenal Company $FAST

Posted by Francis Steltz on May 22nd, 2026

Twin Capital Management Inc. reduced its stake in Fastenal Company (NASDAQ:FAST – Free Report) by 85.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,820 shares of the company’s stock after selling 38,568 shares during the period. Twin Capital Management Inc.’s holdings in Fastenal were worth $274,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Fastenal by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 151,515,539 shares of the company’s stock worth $7,430,322,000 after buying an additional 2,346,045 shares during the last quarter. National Pension Service boosted its holdings in shares of Fastenal by 3.6% in the 3rd quarter. National Pension Service now owns 1,558,579 shares of the company’s stock worth $76,433,000 after buying an additional 53,888 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Fastenal by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 7,387,472 shares of the company’s stock worth $362,282,000 after buying an additional 90,095 shares during the last quarter. BlueStem Wealth Partners LLC bought a new stake in Fastenal in the 3rd quarter valued at about $634,000. Finally, Arjuna Capital bought a new stake in Fastenal in the 3rd quarter valued at about $3,999,000. 81.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fastenal

In other news, Director Reyne K. Wisecup sold 36,920 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $47.34, for a total transaction of $1,747,792.80. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at approximately $1,893,600. The trade was a 48.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Fastenal Trading Down 0.3%

Shares of FAST opened at $43.53 on Friday. The business’s 50-day moving average price is $45.12 and its 200-day moving average price is $43.71. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $50.63. The stock has a market cap of $49.97 billion, a PE ratio of 38.18, a P/E/G ratio of 2.78 and a beta of 0.75. The company has a quick ratio of 2.34, a current ratio of 4.39 and a debt-to-equity ratio of 0.03.

Fastenal (NASDAQ:FAST – Get Free Report) last announced its quarterly earnings results on Monday, April 13th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Fastenal had a return on equity of 33.25% and a net margin of 15.39%.The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts forecast that Fastenal Company will post 1.23 EPS for the current fiscal year.

Fastenal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Tuesday, April 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Fastenal’s payout ratio is presently 84.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FAST. Barclays boosted their price objective on Fastenal from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Sanford C. Bernstein restated an “underperform” rating and issued a $42.00 price objective on shares of Fastenal in a research note on Tuesday, April 14th. Bank of America boosted their price objective on Fastenal from $48.00 to $55.00 in a research note on Monday, April 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Fastenal in a research note on Friday, March 27th. Finally, Benchmark restated a “buy” rating on shares of Fastenal in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.77.

View Our Latest Research Report on FAST

About Fastenal

(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.