Fastenal Co. (NASDAQ:FAST) announced a quarterly dividend on Monday, October 10th. Stockholders of record on Tuesday, October 25th will be given a dividend of 0.30 per share on Tuesday, November 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.85%.

Fastenal (NASDAQ:FAST) traded down 0.43% during mid-day trading on Monday, hitting $42.12. The stock had a trading volume of 4,891,091 shares. Fastenal has a 12-month low of $35.10 and a 12-month high of $49.99. The stock has a 50-day moving average price of $41.91 and a 200 day moving average price of $44.29. The firm has a market cap of $12.17 billion, a P/E ratio of 24.07 and a beta of 0.99.

Fastenal (NASDAQ:FAST) last announced its earnings results on Tuesday, July 12th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.03. The firm earned $1.01 billion during the quarter. Fastenal had a net margin of 12.91% and a return on equity of 27.83%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. Equities analysts anticipate that Fastenal will post $1.74 EPS for the current fiscal year.

Dividend History for Fastenal (NASDAQ:FAST)

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its position in Fastenal by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 611,702 shares of the company’s stock valued at $27,153,000 after buying an additional 2,722 shares during the last quarter. BlackRock Inc. increased its position in Fastenal by 13.7% in the second quarter. BlackRock Inc. now owns 539,996 shares of the company’s stock valued at $23,970,000 after buying an additional 64,910 shares during the last quarter. BlackRock Fund Advisors increased its position in Fastenal by 5.4% in the second quarter. BlackRock Fund Advisors now owns 4,721,920 shares of the company’s stock valued at $209,606,000 after buying an additional 243,947 shares during the last quarter. BlackRock Group LTD increased its position in Fastenal by 3.7% in the second quarter. BlackRock Group LTD now owns 2,208,551 shares of the company’s stock valued at $98,037,000 after buying an additional 78,147 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Fastenal by 4.9% in the second quarter. Ameritas Investment Partners Inc. now owns 10,809 shares of the company’s stock valued at $480,000 after buying an additional 509 shares during the last quarter. 82.12% of the stock is owned by hedge funds and other institutional investors.

FAST has been the subject of a number of research analyst reports. Vetr cut Fastenal from a “strong-buy” rating to a “hold” rating and set a $42.46 target price for the company. in a research report on Tuesday, September 6th. Zacks Investment Research raised Fastenal from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley initiated coverage on Fastenal in a research report on Thursday, July 7th. They issued an “equal weight” rating and a $46.00 target price for the company. BMO Capital Markets reissued a “market perform” rating and issued a $47.00 target price on shares of Fastenal in a research report on Wednesday, July 13th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a $43.00 target price on shares of Fastenal in a research report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company. Fastenal currently has an average rating of “Hold” and a consensus target price of $47.44.

About Fastenal

Fastenal Company is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. The Company sells industrial and construction supplies to end users (business-to-business), and also has a walk-in retail business.

5 Day Chart for NASDAQ:FAST

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