Fastenal Co., US3119001044

Argus raises target for Fastenal stock to USD 59.00

Published on 10/27/2026 at 17:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fastenal reported USD 2.46 billion in third-quarter revenue, up 15.50 percent. Fastenal stock costs EUR 46.05 on October 27, 2026.

Argus target increase

Argus raised its Fastenal price target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter revenue reached USD 2.46 billion, up 15.50 percent year over year, on October 14, 2026.
Fastenal stock stood at EUR 46.05 at Lang & Schwarz on October 27, 2026 at 5:38 p.m. CET.
The ex-dividend date is October 28, 2026, followed by a USD 0.26 payment on November 25, 2026.

Fastenal Co., US3119001044, Illustration mit AI erstellt.

Argus raised its Fastenal price target from USD 55.00 to USD 59.00 in a research note dated October 21, 2026, while keeping a Buy rating, as Markets Insider reported. After the Xetra close, Fastenal stock was trading at EUR 46.05 at Lang & Schwarz on October 27, 2026 at 5:38 p.m. CET.

Third-quarter growth stays broad

Fastenal reported third-quarter 2026 net sales of USD 2.46 billion on October 14, 2026, an increase of 15.50 percent from USD 2.13 billion in the third quarter of 2025. Net income rose to USD 401.60 million from USD 335.50 million, while diluted earnings per share increased to USD 0.35 from USD 0.29. The figures came from the company's release published through Business Wire.

Stock remains near its yearly high

The Nasdaq-listed stock had a USD 38.97 to USD 52.92 12-month range as of October 27, 2026. Its USD 58.9 billion market capitalization and trailing P/E of 41.38 place the current valuation against a high-growth operating profile, although the valuation also leaves less room for weaker execution.

Fastenal's third-quarter operating margin was 21.50 percent, up from 20.70 percent a year earlier. Operating cash flow reached USD 421.60 million for the quarter, equal to 105.00 percent of net income, while the company returned USD 328.40 million through dividends and share repurchases.

Dividend date arrives next

MarketBeat reported on October 27, 2026 that Fastenal had declared a quarterly dividend of USD 0.26. The ex-dividend date is October 28, 2026, and payment is scheduled for November 25, 2026. The annualized dividend is USD 1.04, equivalent to a 2.00 percent yield.

Argus is not the only recent analyst voice. MarketBeat listed a consensus Hold rating from 14 brokerages and an average 12-month target of USD 51.46 on October 27, 2026, below Argus's USD 59.00 target.

What the target spread means

The gap between Argus's target and the reported consensus reflects a divided valuation picture. Fastenal's third-quarter revenue growth and operating-margin improvement support the higher view, while the consensus target below the latest Nasdaq price points to more cautious expectations.

Fastenal stock was trading at EUR 46.05 at Lang & Schwarz on October 27, 2026 at 5:38 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Fastenal stock.