Fastenal Stock Forecast, Price & News

5 Wall Street 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 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 stock. Their FAST stock forecasts range from $56.00 to $66.00. On average, they expect Fastenal's stock price to reach $60.80 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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Fastenal's stock was trading at $64.06 at the beginning of 2022. Since then, FAST stock has decreased by 19.0% and is now trading at $51.90.
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Fastenal is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022.
View our earnings forecast for Fastenal.

Fastenal (NASDAQ:FAST) announced its quarterly earnings data on Wednesday, April, 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. Fastenal had a trailing twelve-month return on equity of 32.72% and a net margin of 15.63%. The company's revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share.
View Fastenal's earnings history.

Fastenal declared a quarterly dividend on Tuesday, April 12th. Stockholders of record on Wednesday, April 27th will be paid a dividend of $0.31 per share on Wednesday, May 25th. This represents a $1.24 annualized dividend and a yield of 2.39%. The ex-dividend date is Tuesday, April 26th.
View Fastenal's dividend history.

Fastenal(NASDAQ:FAST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.46%. 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.

Shares of Fastenal split on Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly created shares were payable to shareholders after the market closes 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), Air Lease (AL), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), H&E Equipment Services (HEES), Kaman (KAMN), MRC Global (MRC) and BlueLinx (BXC).
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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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.91%), BlackRock Inc. (8.04%), State Street Corp (4.74%), Bank of New York Mellon Corp (4.72%), Charles Schwab Investment Management Inc. (1.60%) and Principal Financial Group Inc. (1.59%). 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 Sumitomo Mitsui Trust Holdings Inc., State Street Corp, Bank of New York Mellon Corp, Royal Bank of Canada, Bank of America Corp DE, Marathon Asset Management Ltd, Caisse DE Depot ET Placement DU Quebec, and Bank of Nova Scotia. 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., BlackRock Inc., Vanguard Group Inc., Select Equity Group L.P., Candlestick Capital Management LP, Charles Schwab Investment Management Inc., JPMorgan Chase & Co., and Baird Financial Group Inc.. 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 $51.90.

Fastenal (NASDAQ:FAST) has a market capitalization of $29.87 billion and generates $6.01 billion in revenue each year. The company earns $925 million in net income (profit) each year or $1.709990 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 [email protected], or via fax at 507-453-8049.