Zacks Research Has Bullish Estimate for Fastenal Q2 Earnings

Fastenal Company (NASDAQ:FAST) – Equities researchers at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Fastenal in a note issued to investors on Monday, November 3rd. Zacks Research analyst Team now anticipates that the company will earn $0.32 per share for the quarter, up from their previous estimate of $0.31. The consensus estimate for Fastenal’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Fastenal’s Q2 2027 earnings at $0.35 EPS.

Several other equities research analysts have also weighed in on the company. Barclays set a $45.00 price objective on Fastenal and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Loop Capital reiterated a “hold” rating on shares of Fastenal in a research note on Tuesday, July 15th. Baird R W upgraded Fastenal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 7th. Stephens increased their price target on Fastenal from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Finally, Wolfe Research restated a “positive” rating on shares of Fastenal in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.50.

Fastenal Trading Down 0.3%

FAST stock opened at $41.04 on Tuesday. Fastenal has a 1-year low of $35.31 and a 1-year high of $50.63. The firm has a market cap of $47.12 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.75 and a beta of 0.94. The business’s 50 day moving average is $46.28 and its 200-day moving average is $44.39. The company has a current ratio of 4.26, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03.

Fastenal (NASDAQ:FAST) last released its quarterly earnings data on Monday, October 13th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Fastenal had a net margin of 15.34% and a return on equity of 32.69%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FAST. Vanguard Group Inc. boosted its position in Fastenal by 103.5% in the 2nd quarter. Vanguard Group Inc. now owns 149,169,494 shares of the company’s stock valued at $6,265,119,000 after buying an additional 75,852,223 shares during the last quarter. State Street Corp boosted its position in Fastenal by 99.6% in the 2nd quarter. State Street Corp now owns 54,317,385 shares of the company’s stock valued at $2,281,330,000 after buying an additional 27,107,520 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Fastenal by 103.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 45,995,937 shares of the company’s stock valued at $1,931,830,000 after buying an additional 23,380,022 shares during the last quarter. Geode Capital Management LLC boosted its position in Fastenal by 103.8% in the 2nd quarter. Geode Capital Management LLC now owns 35,984,281 shares of the company’s stock valued at $1,506,141,000 after buying an additional 18,329,847 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Fastenal by 87.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,851,036 shares of the company’s stock valued at $1,463,743,000 after purchasing an additional 16,308,254 shares during the period. 81.38% of the stock is currently owned by institutional investors.

Insider Transactions at Fastenal

In other Fastenal news, EVP John Lewis Soderberg sold 34,612 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $48.03, for a total value of $1,662,414.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Joseph Drazkowski sold 6,842 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $48.67, for a total value of $333,000.14. Following the completion of the transaction, the executive vice president owned 11,994 shares in the company, valued at $583,747.98. The trade was a 36.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,178 shares of company stock valued at $4,336,603 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Fastenal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, October 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.1%. Fastenal’s dividend payout ratio is 82.24%.

About Fastenal

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 that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.