Fastenal Company $FAST Shares Purchased by Trust Point Inc.

Posted by Brian Himes on Aug 8th, 2026

Trust Point Inc. raised its holdings in Fastenal Company (NASDAQ:FAST – Free Report) by 27.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,812 shares of the company’s stock after acquiring an additional 44,028 shares during the quarter. Fastenal accounts for about 0.8% of Trust Point Inc.’s holdings, making the stock its 19th biggest position. Trust Point Inc.’s holdings in Fastenal were worth $9,933,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FAST. Cooper Financial Group increased its holdings in shares of Fastenal by 35.3% in the 2nd quarter. Cooper Financial Group now owns 6,805 shares of the company’s stock valued at $327,000 after purchasing an additional 1,775 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in Fastenal by 115.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,455 shares of the company’s stock worth $70,000 after buying an additional 780 shares in the last quarter. Czech National Bank boosted its holdings in Fastenal by 4.5% during the second quarter. Czech National Bank now owns 326,775 shares of the company’s stock worth $15,695,000 after buying an additional 14,073 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its position in Fastenal by 11.5% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 225,652 shares of the company’s stock worth $10,838,000 after buying an additional 23,300 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Fastenal by 123.2% in the second quarter. Assenagon Asset Management S.A. now owns 534,592 shares of the company’s stock valued at $25,676,000 after buying an additional 295,047 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fastenal

In other news, Director Rita J. Heise sold 34,964 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $50.05, for a total transaction of $1,749,948.20. Following the sale, the director owned 20,000 shares in the company, valued at $1,001,000. This trade represents a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $147,000.00. Following the completion of the transaction, the director 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 SEC filing for this sale provides additional information. Corporate insiders own 0.28% of the company’s stock.

Fastenal Stock Performance

NASDAQ FAST opened at $51.84 on Friday. 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 Company has a fifty-two week low of $38.97 and a fifty-two week high of $51.90. The business has a fifty day moving average of $46.87 and a 200-day moving average of $45.83. The stock has a market cap of $59.49 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 3.17 and a beta of 0.72.

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

Fastenal Increases Dividend

The company 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 $0.26 dividend. This is a boost from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, July 28th. Fastenal’s dividend payout ratio (DPR) is presently 88.14%.

Analyst Upgrades and Downgrades

FAST has been the topic of several research analyst reports. Rothschild & Co Redburn set a $55.00 price target on Fastenal and gave the stock a “buy” rating in a research note on Monday, July 13th. DA Davidson reaffirmed a “neutral” rating and set a $46.00 price objective on shares of Fastenal in a report on Wednesday, July 15th. Wolfe Research reiterated an “underperform” rating and set a $47.00 target price on shares of Fastenal in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a report on Thursday, June 4th. Finally, Robert W. Baird set a $54.00 price objective on shares of Fastenal in a research report on Friday. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.17.

Check Out 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.