Fastenal Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fastenal stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FAST, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 12 month price objectives for Fastenal's shares. Their FAST stock forecasts range from $56.00 to $66.00. On average, they predict Fastenal's stock price to reach $60.80 in the next year. This suggests a possible upside of 20.6% from the stock's current price.
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Fastenal's stock was trading at $64.06 on January 1st, 2022. Since then, FAST stock has decreased by 21.3% and is now trading at $50.42.
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Fastenal is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022.
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Fastenal will be holding an earnings conference call on Wednesday, July 13th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Fastenal (NASDAQ:FAST) released its quarterly earnings data on Wednesday, April, 13th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Fastenal had a net margin of 15.63% and a trailing twelve-month return on equity of 32.72%. Fastenal's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS.
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Fastenal declared a quarterly dividend on Tuesday, April 12th. Investors of record on Wednesday, April 27th will be given a dividend of $0.31 per share on Wednesday, May 25th. This represents a $1.24 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, April 26th.
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Fastenal(NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.50%. Fastenal has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Fastenal is 72.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fastenal will have a dividend payout ratio of 61.08% next year. This indicates that Fastenal will be able to sustain or increase its dividend.
View Fastenal's dividend history.

Fastenal shares split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly minted shares were payable to shareholders after the closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of Fastenal stock prior to the split would have 200 shares after the split.

714 employees have rated Fastenal CEO Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among Fastenal's employees.

Some companies that are related to Fastenal include W.W. Grainger (GWW), United Rentals (URI), Watsco (WSO), WESCO International (WCC), MSC Industrial Direct (MSM), Beacon Roofing Supply (BECN), Air Lease (AL), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), H&E Equipment Services (HEES), Kaman (KAMN), MRC Global (MRC) and Adicet Bio (ACET).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), QUALCOMM (QCOM) and Target (TGT).

Fastenal trades on the NASDAQ under the ticker symbol "FAST."

Fastenal's stock is owned by many different institutional and retail investors. Top institutional investors include Farmer Steven Patrick (0.49%), First Financial Bank Trust Division (0.03%) and Park National Corp OH (0.00%). Company insiders that own Fastenal stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Darren R Jackson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends for Fastenal.

FAST stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have sold Fastenal company stock in the last two years include Charles S Miller, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sheryl Ann Lisowski, Terry Modock Owen, and William Joseph Drazkowski.
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FAST stock was acquired by a variety of institutional investors in the last quarter, including Farmer Steven Patrick, and First Financial Bank Trust Division. Company insiders that have bought Fastenal stock in the last two years include Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Michael J Ancius, Michael John Dolan, Sarah N Nielsen, and Stephen L Eastman.
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Shares of FAST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FAST stock can currently be purchased for approximately $50.42.

Fastenal (NASDAQ:FAST) has a market capitalization of $29.02 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.71 on an earnings per share basis.

Fastenal employs 20,507 workers across the globe.

Fastenal was founded in 1967.

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The official website for Fastenal is www.fastenal.com. The company can be reached via phone at (507) 454-5374, via email at investorrelations@fastenal.com, or via fax at 507-453-8049.