Dearborn Partners LLC Invests $17.50 Million in Fastenal Company $FAST

25 Aug 2026, 08:54 by Danessa Lincoln · The Markets Daily

Dearborn Partners LLC acquired a new position in Fastenal Company (NASDAQ:FAST – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 377,076 shares of the company’s stock, valued at approximately $17,496,000.

A number of other institutional investors also recently bought and sold shares of FAST. BlackRock Inc. bought a new stake in Fastenal during the second quarter valued at about $5,105,454,000. Bank of New York Mellon Corp purchased a new stake in Fastenal in the second quarter worth about $859,310,000. Norges Bank bought a new position in shares of Fastenal in the fourth quarter worth about $646,046,000. Wellington Management Group LLP raised its stake in shares of Fastenal by 243.5% in the fourth quarter. Wellington Management Group LLP now owns 12,095,194 shares of the company’s stock worth $485,380,000 after buying an additional 8,574,208 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Fastenal by 106.1% during the 2nd quarter. Bank of America Corp DE now owns 15,431,393 shares of the company’s stock valued at $648,118,000 after buying an additional 7,943,217 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Fastenal news, Director Rita J. Heise sold 34,964 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $50.05, for a total value of $1,749,948.20. Following the sale, the director owned 20,000 shares in the company, valued at $1,001,000. The trade was a 63.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Ancius sold 3,000 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $49.00, for a total transaction of $147,000.00. Following the transaction, the director directly owned 58,690 shares of the company’s stock, valued at $2,875,810. This trade represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FAST shares. Robert W. Baird set a $54.00 price objective on Fastenal in a research note on Friday, August 7th. DA Davidson restated a “neutral” rating and set a $46.00 target price on shares of Fastenal in a research note on Wednesday, July 15th. Morgan Stanley lifted their price target on shares of Fastenal from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Jefferies Financial Group reiterated a “buy” rating on shares of Fastenal in a research report on Thursday, June 4th. Finally, Rothschild & Co Redburn set a $55.00 price objective on shares of Fastenal and gave the stock a “buy” rating in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.17.

Check Out Our Latest Stock Analysis on FAST

Fastenal Stock Performance

NASDAQ FAST opened at $51.28 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 4.18 and a debt-to-equity ratio of 0.01. Fastenal Company has a twelve month low of $38.97 and a twelve month high of $52.92. The business has a 50-day moving average price of $48.06 and a 200-day moving average price of $46.41. The firm has a market cap of $58.84 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72.

Fastenal (NASDAQ:FAST – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $0.33 EPS for the quarter, hitting analysts’ consensus estimates of $0.33. Fastenal had a return on equity of 34.03% and a net margin of 15.45%.The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $0.29 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts predict that Fastenal Company will post 1.26 EPS for the current fiscal year.

Fastenal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Tuesday, July 28th will be given a dividend of $0.26 per share. This is a positive change from Fastenal’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, July 28th. Fastenal’s dividend payout ratio (DPR) is currently 88.14%.

About Fastenal

(Free Report)

Fastenal (NASDAQ: FAST) is a wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners such as bolts, nuts, screws and anchors. Founded in Winona, Minnesota, Fastenal has grown from a regional supplier into a national and international distributor serving a wide range of end markets, including manufacturing, construction, maintenance, repair and operations (MRO), and government customers. The company is publicly traded and operates through a network of locally staffed branches combined with national distribution capabilities.

Product offerings extend beyond fasteners to include tools, safety and personal protective equipment, power transmission components, cutting and welding supplies, janitorial and material handling items, and other industrial consumables.