Research Analysts’ Recent Ratings Changes for Fastenal (FAST)

A number of firms have modified their ratings and price targets on shares of Fastenal (NASDAQ: FAST) recently:

• 10/28/2026 – Fastenal was upgraded by Weiss Ratings from “buy (b)” to “buy (b+)”.
• 10/21/2026 – Fastenal had its price target raised by Argus from $55.00 to $59.00. They now have a “buy” rating on the stock.
• 10/15/2026 – Fastenal had its “underperform” rating reaffirmed by Sanford C. Bernstein. They now have a $47.00 price target on the stock, up from $42.00.
• 10/15/2026 – Fastenal had its price target raised by Robert W. Baird from $59.00 to $60.00. They now have an “outperform” rating on the stock.
• 10/13/2026 – Fastenal was given a new $51.00 price target by DA Davidson. They now have a “neutral” rating on the stock.
• 10/8/2026 – Fastenal was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 9/15/2026 – Fastenal is now covered by Wolfe Research. They set an “underperform” rating and a $51.00 price target on the stock.
• 9/11/2026 – Fastenal was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.

Fastenal Trading Up 2.6%

FAST traded up $1.36 on Wednesday, hitting $53.69. 4,266,610 shares of the company were exchanged, compared to its average volume of 7,849,501. 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 firm has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $47.29. The stock has a market capitalization of $61.59 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 3.15 and a beta of 0.66. Fastenal Company has a 12 month low of $38.97 and a 12 month high of $53.85.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data 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. Fastenal had a return on equity of 35.13% and a net margin of 15.62%. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Fastenal Company will post 1.27 earnings per share for the current year.

Fastenal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Wednesday, October 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $1.04 annualized dividend and a yield of 1.9%. Fastenal’s dividend payout ratio is presently 83.87%.

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.