Fastenal Co., US3119001044

Argus raises target for Fastenal Company stock from USD 55 to USD 59

Published on 10/26/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argus retained its Buy rating on October 21, 2026. Fastenal Company stock costs EUR 46.80 on October 26, 2026, with a USD 0.26 dividend.

Three developments shape valuation

Argus raised its Fastenal target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter revenue reached USD 2,463.3 million for the period ended September 30, 2026, up 15.5 percent year over year.
Fastenal stock was trading at EUR 46.80 at 11:36 a.m. CEST at Lang & Schwarz on October 26, 2026.

Fastenal Co., US3119001044, Illustration mit AI erstellt.

Fastenal Company (ISIN US3119001044) was trading at EUR 46.80 at Lang & Schwarz on October 26, 2026, at 11:36 a.m. CEST. The latest analyst action came from Argus, which raised its price target from USD 55.00 to USD 59.00 on October 21, 2026, according to MarketBeat.

Third-quarter growth sets the tone

Fastenal reported net sales of USD 2,463.3 million for the third quarter ended September 30, 2026, up 15.5 percent from USD 2,133.3 million in the same quarter of 2025. Net income rose 19.7 percent to USD 401.6 million from USD 335.5 million, while diluted earnings per share increased to USD 0.35 from USD 0.29, according to the company's Fastenal Company release dated October 14, 2026.

The operating margin was 21.5 percent, compared with 20.7 percent a year earlier. Operating cash flow reached USD 421.6 million, equal to 105.0 percent of net income, giving the earnings report a cash-generation component alongside the sales increase.

What does the target change signal?

Argus's move placed a USD 59.00 target above its previous USD 55.00 level while keeping a Buy rating, as reported by MarketBeat. The target change followed quarterly earnings that combined faster earnings growth with a wider operating margin.

Fastenal's customer mix also remains important. Contract sales grew 18.8 percent on a daily-sales basis in the third quarter and represented 76.5 percent of total sales. Digital Footprint sales reached 61.4 percent of revenue, while the company signed 7,484 weighted FASTBin and FASTVend devices during the quarter, according to the October 14 release.

Dividend dates add a near-term marker

Fastenal declared a USD 0.26 per-share cash dividend on October 13, 2026. The dividend is payable on November 25, 2026, to shareholders of record at the close of business on October 28, 2026, according to the company's Fastenal Company. The board also reported that Fastenal repurchased 650,000 shares during the third quarter at an average price of USD 46.49.

Trading level and company profile

Fastenal's latest euro indication provides the market snapshot for German investors, while its Nasdaq listing remains the primary reference venue in the United States. The company distributes industrial and construction supplies through manufacturing, maintenance, repair and operations, and non-residential construction channels.

Fastenal stock was trading at EUR 46.80 at Lang & Schwarz on October 26, 2026, at 11:36 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Fastenal stock.