Fastenal Co., US3119001044

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

Published on 10/23/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 15.5 percent to USD 2.46 billion, with a 21.5 percent operating margin. Fastenal stock costs EUR 46.91 on October 23, 2026.

Analyst view and operating results

Argus raised its Fastenal target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter 2026 sales increased 15.5 percent to USD 2.46 billion, while operating margin reached 21.5 percent.
Fastenal stock trades at EUR 46.91 at 11:14 a.m. CEST at Lang & Schwarz on October 23, 2026.
Fastenal's next ex-dividend date is October 28, 2026.

Aquarellpanorama von Winona Minnesota am Mississippi mit Brücken und Industriegebäuden — Fastenal Co. Heimatstadt Winona in Minnesota als herbstliches Aquarellpanorama am Fluss, ISIN US3119001044, Illustration mit AI erstellt.

Fastenal Co. (ISIN US3119001044) was quoted at EUR 46.91 at Lang & Schwarz on October 23, 2026, while Argus raised its price target from USD 55.00 to USD 59.00 on October 21, 2026, according to MarketBeat. The analyst maintained a buy rating.

Third-quarter growth remains strong

Fastenal reported third-quarter 2026 results on October 14, 2026, with net sales of USD 2.46 billion, up 15.5 percent from the third quarter of 2025. The company also posted net income of USD 401.6 million, an increase of 19.7 percent, while diluted earnings per share rose to USD 0.35 from USD 0.29, according to Fastenal Company.

The result combined stronger sales with operating leverage. Operating margin increased to 21.5 percent from 20.7 percent in the year-earlier quarter, while gross margin slipped to 44.8 percent from 45.3 percent. Operating cash flow reached USD 421.6 million in the third quarter of 2026.

What does the margin mean?

The margin expansion matters because selling, general and administrative expenses fell to 23.3 percent of sales from 24.6 percent. At the same time, contract customer daily sales increased 18.8 percent year over year, and contract customers represented 76.5 percent of third-quarter sales, according to Fastenal Company. The combination points to a business mix that is supporting earnings growth faster than sales growth.

Three recent company events

On October 14, 2026, Fastenal reported third-quarter sales growth of 15.5 percent. On October 15, 2026, Robert W. Baird raised its target from USD 59.00 to USD 60.00, as listed by MarketScreener. On October 21, 2026, Argus raised its target from USD 55.00 to USD 59.00.

Next date on the calendar

Fastenal's next listed ex-dividend date is October 28, 2026, with a dividend of USD 0.26, according to MarketScreener.

Stock price and investor context

Fastenal's latest quarter delivered double-digit sales growth, but the lower gross margin shows that customer mix and pricing remain important variables. The USD 59.00 Argus target and USD 60.00 Baird target both sit above the latest Nasdaq reference price of USD 52.73 on October 22, 2026 at 4:00 p.m. ET.

Fastenal stock was trading at EUR 46.91 at Lang & Schwarz on October 23, 2026 at 11:14 a.m. CEST. The company is listed on Nasdaq under ticker FAST.

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