Fastenal Company $FAST Holdings Cut by Dudley & Shanley Inc.

Posted by Brenda Bartman on Oct 6th, 2026

Dudley & Shanley Inc. decreased its stake in Fastenal Company (NASDAQ:FAST – Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 454,940 shares of the company’s stock after selling 17,500 shares during the quarter. Fastenal makes up 3.6% of Dudley & Shanley Inc.’s holdings, making the stock its 11th biggest position. Dudley & Shanley Inc.’s holdings in Fastenal were worth $22,533,000 as of its most recent filing with the Securities & Exchange Commission.

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

Fastenal Trading Up 0.9%

Shares of Fastenal stock traded up $0.47 during trading hours on Tuesday, hitting $51.16. The company’s stock had a trading volume of 1,377,157 shares, compared to its average volume of 7,791,327. The stock has a market cap of $58.71 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 3.16 and a beta of 0.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 4.18. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $52.92. The firm has a fifty day moving average of $50.00 and a 200-day moving average of $47.15.

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

Fastenal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Tuesday, July 28th were paid a $0.26 dividend. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. Fastenal’s payout ratio is presently 88.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FAST. Wolfe Research began coverage on Fastenal in a research note on Tuesday, September 15th. They issued an “underperform” rating and a $51.00 price target on the stock. Robert W. Baird set a $54.00 price objective on Fastenal in a report on Friday, August 7th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of Fastenal in a research note on Wednesday, July 15th. Barclays dropped their target price on shares of Fastenal from $47.00 to $46.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. Finally, Morgan Stanley raised their price target on shares of Fastenal from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $49.50.

Check Out Our Latest Analysis on FAST

Insider Buying and Selling

In other Fastenal news, Director Michael J. Ancius sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $49.00, for a total value of $147,000.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rita Heise sold 34,964 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 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.

About Fastenal

(Free Report)

Fastenal Company is a distributor of industrial and construction supplies serving businesses, contractors, manufacturers and other organizations. Its product offerings include fasteners such as bolts, nuts and screws, as well as safety equipment, tools, cutting tools, material-handling products, electrical and plumbing supplies, and maintenance and repair items.

The company sells products through a network of branch locations, onsite customer facilities, industrial vending machines and digital platforms.