Brokerages Set Fastenal Company (NASDAQ:FAST) Price Target at $48.83

Fastenal Company (NASDAQ:FAST) has been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $48.8333.

Several analysts recently commented on the company. Barclays decreased their price target on Fastenal from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. Morgan Stanley lifted their price objective on Fastenal from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings restated a “buy (b)” rating on shares of Fastenal in a research note on Wednesday, July 8th. Bank of America upped their target price on shares of Fastenal from $48.00 to $55.00 in a report on Monday, April 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Fastenal from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Fastenal during the 4th quarter worth approximately $646,046,000. Wellington Management Group LLP increased its holdings in Fastenal by 243.5% during the 4th quarter. Wellington Management Group LLP now owns 12,095,194 shares of the company’s stock valued at $485,380,000 after purchasing an additional 8,574,208 shares in the last quarter. Bank of America Corp DE raised its position in Fastenal by 106.1% in the 2nd quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock valued at $648,118,000 after purchasing an additional 7,943,217 shares during the last quarter. Invesco Ltd. boosted its stake in Fastenal by 14.0% in the third quarter. Invesco Ltd. now owns 18,215,875 shares of the company’s stock worth $893,307,000 after purchasing an additional 2,242,116 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its stake in Fastenal by 1,039.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,337,722 shares of the company’s stock worth $94,253,000 after purchasing an additional 2,132,593 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

Fastenal Stock Up 0.6%

Shares of FAST opened at $45.01 on Friday. The stock has a market cap of $51.65 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.80 and a beta of 0.72. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01. Fastenal has a 12 month low of $38.97 and a 12 month high of $50.63. The company has a 50-day moving average price of $45.77 and a two-hundred day moving average price of $45.27.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Tuesday, July 14th. The company reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Fastenal had a return on equity of 34.03% and a net margin of 15.45%.The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that Fastenal will post 1.25 EPS for the current fiscal year.

Fastenal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Tuesday, July 28th will be paid a dividend of $0.26 per share. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 28th. Fastenal’s payout ratio is currently 81.36%.

More Fastenal News

Here are the key news stories impacting Fastenal this week:

• Positive Sentiment: Fastenal’s Q2 2026 earnings call transcript reinforced steady operating performance, with revenue growth and execution suggesting the company is still taking share in industrial distribution. Fastenal (FAST) Q2 2026 Earnings Call Transcript
• Positive Sentiment: Analysts highlighted that Fastenal’s digital tools, contract wins, and international growth are supporting continued industrial sales expansion, which could help sustain earnings growth. FAST Trends to Watch as Digital Tools Reshape Industrial Demand Ahead
• Positive Sentiment: Fastenal was also featured as a high-dividend stock with a long record of payouts, which can support demand from income-focused investors. 5 High Dividend Yield Stocks to Buy for a Stable Portfolio in 2H 2026
• Neutral Sentiment: The company raised its dividend alongside other industrial names, signaling confidence in cash flow, though the article framed it more as part of a broader dividend-themed roundup than a major catalyst. Industrial and Utility Giants Boost Dividends as Data Center Tailwinds Build (FAST)
• Neutral Sentiment: One MarketWatch item noted that Fastenal underperformed peers on Monday, but it did not point to a major company-specific negative; this looks more like relative trading noise. Fastenal Co. stock underperforms Monday when compared to competitors
• Negative Sentiment: Several analysts warned that margin pressure and a rich valuation leave FAST with less room for error, which is the main reason the stock may not be advancing more sharply. Is FAST Stock Too Expensive as Growth and Margins Send Mixed Signals?
• Negative Sentiment: Another note echoed that rising costs and margin pressure remain key risks, suggesting investors are watching profitability closely even as sales trends improve. Fastenal Stock Outlook 2026 as Digital Gains Lift Industrial Sales
• Negative Sentiment: Investors are also scrutinizing international revenue trends, which could affect Wall Street forecasts if overseas growth does not accelerate. Don’t Overlook Fastenal (FAST) International Revenue Trends While Assessing the Stock

Fastenal Company Profile

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.