Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of 3,268 in-market locations and 16 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
IPO Year: 1987
Exchange: NASDAQ
Website: fastenal.com
| 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 |
| 1/20/2022 | $53.00 → $54.00 | Underweight | Morgan Stanley |
| 1/14/2022 | $48.00 → $53.00 | Underweight | Morgan Stanley |
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
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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
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) (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,
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 June 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 (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 $0.39 per share to be paid in cash on August 23, 2024 to shareholders of record at the close of business on July 26, 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 currently i
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 second quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, July 12, 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 ac
Fastenal Company (NASDAQ:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 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 (positive) or contraction (negative) for the applicable period. Beginning in the first quart
Fastenal Company (NASDAQ:FAST) reported its board of directors declared a dividend of $0.39 per share to be paid in cash on May 23, 2024 to shareholders of record at the close of business on April 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, Fastenal has previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. Our board of directors currently intends to continue paying quarterly dividends, though all future determinat
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.
To gain an edge, this is what you need to know today. AI Super Bulls Pay Attention Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX) compared to Invesco QQQ Trust Series 1 (NASDAQ:QQQ), iShares Russell 2000 ETF (NYSE:IWM), VanEck Semiconductor ETF (NASDAQ:SMH), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), and KB Home (NYSE:KBH). Note the following: AI super bulls pay attention to the chart as it shows major divergences occurring yesterday. The chart shows the small cap ETF IWM outperformed Nasdaq 100 ETF QQQ by 5.9%. This is the biggest such divergence since 2001. The chart shows IWM o
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, and
Fastenal Company (NASDAQ:FAST) shares are trading higher after the company reported second-quarter fiscal 2024 sales growth of 1.8% year-over-year to $1.916 billion, matching the consensus of $1.915 billion. The growth was driven by higher unit sales from larger customers and new Onsite locations despite negative impacts from foreign exchange rates and a decline in product pricing. Weighted FASTBin/FASTVend signings (MEUs) rose 5.8% Y/Y to 7,188; Weighted FASTBin/FASTVend installations rose 11.4% Y/Y. FAST’s Digital Footprint represented 59.4% of sales in the quarter, an increase from 55.3% in the second quarter of 2023. The gross margin contracted to 45.1% from 45.5%, due to an
ZAPP: 40% | Zapp Electric Vehicles shares are trading higher after the company announced that it entered into a new standby equity purchase agreement with an affiliate of Yorkville Advisors Global to start production and the commercial rollout of the i300 electric urban motorcycle in India. IMMP: 68% | Immutep shares are trading higher after the company announced results from Cohort B of the TACTI-003 Phase IIb trial evaluating eftilagimod alfa in combination with MSD's anti-PD-1 therapy KEYTRUDA as first-line treatment of recurrent or metastatic head and neck squamous cell carcinoma patients with negative PD-L1 expression. FAST: 6% | Fastenal shares are trading higher following better-than-
The major index futures traded narrowly mixed early Friday as the imminent release of the June producer price inflation report kept traders on edge as they await confirmation that inflation is sustainably decreasing. After moving sharply to the downside, bond yields have begun ticking higher, but gold futures slipped. Traders may also focus on the earnings report from big banks as they herald the start of the reporting season. Analysts are optimistic about a healthy pace of earnings growth, with Factset estimating S&P 500 companies to report cumulative earnings growth of 8.8% for the second quarter. FuturesPerformance (+/-)Nasdaq 100-0.07%S&P 500+0.03%Dow+0.05%R2K+0.73%In premarket tra
Fastenal (NASDAQ:FAST) reported quarterly earnings of $0.51 per share which met the analyst consensus estimate. The company reported quarterly sales of $1.916 billion which beat the analyst consensus estimate of $1.915 billion by 0.05 percent. This is a 1.75 percent increase over sales of $1.883 billion the same period last year.
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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) (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 June 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 (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 $0.39 per share to be paid in cash on August 23, 2024 to shareholders of record at the close of business on July 26, 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 currently i
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 second quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Friday, July 12, 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 ac
Fastenal Company (NASDAQ:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 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 (positive) or contraction (negative) for the applicable period. Beginning in the first quart
Fastenal Company (NASDAQ:FAST) reported its board of directors declared a dividend of $0.39 per share to be paid in cash on May 23, 2024 to shareholders of record at the close of business on April 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, Fastenal has previously paid special one-time dividends in December 2008, December 2012, December 2020, and December 2023. Our board of directors currently intends to continue paying quarterly dividends, though all future determinat
Fastenal Company (NASDAQ:FAST) announced the date and time for its conference call to review 2024 first quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Thursday, April 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 access the presentation, please visit the following Web address: https://investor.
Fastenal Company (NASDAQ:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter and year ended December 31, 2023. 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) or contraction (negative) for the applicable period. PERFORMANCE SU
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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
Stephens downgraded Fastenal from Overweight to Equal-Weight and set a new price target of $60.00
Stifel initiated coverage of Fastenal with a rating of Buy and set a new price target of $61.00
Jefferies resumed coverage of Fastenal with a rating of Hold and set a new price target of $50.00
Robert W. Baird downgraded Fastenal from Outperform to Neutral and set a new price target of $48.00
Wells Fargo upgraded Fastenal from Underweight to Equal-Weight and set a new price target of $58.00
Morgan Stanley reiterated coverage of Fastenal with a rating of Underweight and set a new price target of $54.00 from $53.00 previously
Morgan Stanley reiterated coverage of Fastenal with a rating of Underweight and set a new price target of $53.00 from $48.00 previously