Stifel Reiterates Buy on Fastenal, Lowers Price Target to $80
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Stifel analyst Brian Butler reiterates Fastenal (NASDAQ:FAST) with a Buy and lowers the price target from $85 to $80.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $85.00 | Buy | BofA Securities |
| 9/6/2024 | $72.00 | Equal-Weight | Morgan Stanley |
| 9/15/2023 | $59.00 | Hold | HSBC Securities |
| 7/13/2023 | $60.00 | Overweight → Equal-Weight | Stephens |
| 4/4/2023 | $61.00 | Buy | Stifel |
| 10/17/2022 | $50.00 | Hold | Jefferies |
| 7/14/2022 | $48.00 | Outperform → Neutral | Robert W. Baird |
| 3/8/2022 | $58.00 | Underweight → Equal-Weight | Wells Fargo |
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 September 30, 2024. 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 (posit
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 $0.39 per share to be paid in cash on November 22, 2024 to shareholders of record at the close of business on October 25, 2024. 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 current
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 2024 third quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, October 11, 2024 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 acc
Fastenal Company (NASDAQ:FAST) (herein 'Fastenal') has promoted Donnalee K. Papenfuss to the position of Executive Vice President of Strategy and Communications effective November 1, 2024. In this newly created role, Ms. Papenfuss will lead marketing and drive strategic initiatives in the areas of technology, sales, and environmental, social, and governance (ESG). Additionally, she will enhance communication efforts to support these initiatives and ensure alignment with overall business objectives. Ms. Papenfuss has served as Fastenal's Vice President of Contract Development and Support from February 2014 to October 2024. In this role, she has led teams responsible for various sales enable
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 September 30, 2024. 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 (posit
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 $0.39 per share to be paid in cash on November 22, 2024 to shareholders of record at the close of business on October 25, 2024. 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 current
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BofA Securities initiated coverage of Fastenal with a rating of Buy and set a new price target of $85.00
Morgan Stanley initiated coverage of Fastenal with a rating of Equal-Weight and set a new price target of $72.00
HSBC Securities initiated coverage of Fastenal with a rating of Hold and set a new price target of $59.00
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
In the latest quarter, 4 analysts provided ratings for Fastenal (NASDAQ:FAST), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $67.5, with a high estimate of $80.00 and a low estimate of $5
Stifel analyst Brian Butler reiterates Fastenal (NASDAQ:FAST) with a Buy and lowers the price target from $85 to $80.
Stephens & Co. analyst Tommy Moll reiterates Fastenal (NASDAQ:FAST) with a Equal-Weight and maintains $56 price target.