HSBC Securities initiated coverage on Fastenal with a new price target
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Consumer Discretionary
HSBC Securities initiated coverage of Fastenal with a rating of Hold and set a new price target of $59.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/3/2025 | Underperform → Peer Perform | Wolfe Research | |
| 3/10/2025 | Mkt Perform → Outperform | William Blair | |
| 12/11/2024 | $70.00 | Hold → Reduce | HSBC Securities |
| 12/11/2024 | $86.00 | Buy → Hold | Stifel |
| 11/13/2024 | Neutral | UBS | |
| 11/13/2024 | $120.00 → $135.00 | Neutral | UBS |
| 10/7/2024 | $85.00 | Buy | BofA Securities |
| 9/6/2024 | $72.00 | Equal-Weight | Morgan Stanley |
Fastenal Company (NASDAQ:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us'), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 2025. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive)
Fastenal Company (NASDAQ:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.44 per share to be paid in cash on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. Except for share and per share information, dollar amounts are stated in millions. We began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to these regular dividend payments, we have previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. Our board of directors currently inte
Fastenal Company (NASDAQ:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') announced the date and time for its conference call to review 2025 first quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, April 11, 2025 at 9:00 a.m. central time. To access the call, please visit the following Web address: https://investor.fastenal.com/events.cfm Our conference call presentation (which includes information, supplemental to that contained in our earnings announcement, regarding results for the quarter) will be available at 6:00 a.m., central time, on the day of the conference call. To acces
4 - FASTENAL CO (0000815556) (Issuer)
4 - FASTENAL CO (0000815556) (Issuer)
SC 13G/A - FASTENAL CO (0000815556) (Subject)
SC 13G/A - FASTENAL CO (0000815556) (Subject)
SC 13G/A - FASTENAL CO (0000815556) (Subject)
Wolfe Research upgraded Fastenal from Underperform to Peer Perform
William Blair upgraded Fastenal from Mkt Perform to Outperform
HSBC Securities downgraded Fastenal from Hold to Reduce and set a new price target of $70.00
Fastenal Company (NASDAQ:FAST) ('Fastenal', the 'Company', 'we', 'our', or 'us') announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock to be effected through an amendment to the Company's Restated Articles of Incorporation (the 'Amendment'). The Amendment will also effect a proportionate increase in the number of shares of authorized common stock. Holders of record of the Company's common stock at the close of business on May 5, 2025 will receive one additional share of common stock for every share of common stock they own. The stock split will take effect at the close of business on May 21, 2025, and trading is expected to
Fastenal Company (NASDAQ:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us'), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 2025. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded dollar values, may not be able to be recalculated using the dollar values included in this document due to the rounding of those dollar values. References to daily sales rate (DSR) change may reflect either growth (positive)
Fastenal Company (NASDAQ:FAST) (collectively referred to as 'Fastenal' or by terms such as 'we', 'our', or 'us') reported its board of directors declared a dividend of $0.44 per share to be paid in cash on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. Except for share and per share information, dollar amounts are stated in millions. We began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to these regular dividend payments, we have previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. Our board of directors currently inte
Fastenal Company (NASDAQ:FAST) (the 'Company' or 'Fastenal') has appointed Jeff Watts, a 28-year Company veteran with deep global sales experience, to the position of President and Chief Sales Officer, effective August 1, 2024. Mr. Watts will assume the President role from Dan Florness, who will be voluntarily vacating the President position on the effective date. Mr. Florness will continue to serve as Fastenal's CEO and as a member of its Board of Directors. In addition to serving as President, Mr. Watts will continue in his role as the Company's Chief Sales Officer (CSO), a position he has held since May 2023. As CSO, his responsibilities include establishing priorities, setting goals,
Imperial Dade, a leading distributor of foodservice packaging supplies, industrial products, and janitorial supplies, today announced that it has appointed Terry Owen to the newly created role of Chief Operating Officer. In this role, Mr. Owen will draw on his deep operations experience to further strengthen Imperial Dade's ability to deliver industry-leading customer service. "Given Imperial Dade's tremendous growth, it is the right time to bring a world-class operations leader on board to drive the execution of our business strategy and goals," said Jason Tillis, CEO of Imperial Dade. "We are thrilled to have Terry join our leadership team, as he will play a pivotal role in helping us f
4 - FASTENAL CO (0000815556) (Issuer)
4 - FASTENAL CO (0000815556) (Issuer)
4 - FASTENAL CO (0000815556) (Issuer)
8-K - FASTENAL CO (0000815556) (Filer)
8-K - FASTENAL CO (0000815556) (Filer)
10-Q - FASTENAL CO (0000815556) (Filer)