Clifford Swan Investment Counsel LLC Trims Stake in Fastenal Company $FAST

Posted by Geri Gentry on Sep 1st, 2026

Clifford Swan Investment Counsel LLC lowered its position in Fastenal Company (NASDAQ:FAST – Free Report) by 2.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 762,202 shares of the company’s stock after selling 18,820 shares during the period. Fastenal comprises about 1.2% of Clifford Swan Investment Counsel LLC’s investment portfolio, making the stock its 23rd biggest position. Clifford Swan Investment Counsel LLC’s holdings in Fastenal were worth $36,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FAST. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Fastenal during the second quarter valued at $26,000. Evergreen Advisors LLC bought a new position in Fastenal in the 1st quarter worth about $26,000. Palladiem LLC purchased a new stake in shares of Fastenal in the 4th quarter valued at about $25,000. Elyxium Wealth LLC purchased a new stake in shares of Fastenal in the 4th quarter valued at about $25,000. Finally, MV Capital Management Inc. bought a new stake in shares of Fastenal during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Analysts Set New Price Targets

FAST has been the subject of several recent analyst reports. Rothschild & Co Redburn set a $55.00 price objective on Fastenal and gave the stock a “buy” rating in a report on Monday, July 13th. 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. Weiss Ratings upgraded shares of Fastenal from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 26th. Sanford C. Bernstein reissued an “underperform” rating on shares of Fastenal in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Fastenal in a report on Thursday, June 4th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Fastenal presently has a consensus rating of “Hold” and an average target price of $49.17.

Check Out Our Latest Analysis on FAST

Insider Buying and Selling

In related news, Director Rita J. 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 value of $1,749,948.20. Following the transaction, the director owned 20,000 shares in the company, valued at $1,001,000. This trade represents a 63.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Ancius sold 3,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the sale, the director directly owned 58,690 shares of the company’s stock, valued at $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. Insiders own 0.28% of the company’s stock.

Fastenal Stock Performance

Shares of NASDAQ FAST opened at $49.31 on Tuesday. The stock has a market cap of $56.58 billion, a price-to-earnings ratio of 41.79, a P/E/G ratio of 3.11 and a beta of 0.72. The company has a current ratio of 4.18, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Fastenal Company has a 1-year low of $38.97 and a 1-year high of $52.92. The stock’s 50-day moving average is $48.52 and its 200 day moving average is $46.52.

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

Fastenal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, July 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, July 28th. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. Fastenal’s dividend payout ratio (DPR) is presently 88.14%.

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.