Fastenal Co., US3119001044

Baird raises target for Fastenal stock from USD 59 to USD 60

Published on 10/21/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baird lifted its target to USD 60 on October 15, 2026. Fastenal stock stood at EUR 45.95 on October 21, 2026, as Q3 sales rose 15.5 percent.

Analyst target and quarterly growth

Robert W. Baird raised its Fastenal target from USD 59.00 to USD 60.00 on October 15, 2026.
Third-quarter 2026 net sales reached USD 2,463.3 million, up 15.5 percent year over year.
Fastenal stock trades at EUR 45.95 at 11:05 a.m. CEST at Lang & Schwarz on October 21, 2026.

Extreme Makro-Aufnahme von Edelstahl-Sechskantschrauben und Muttern mit Gewindedetails — Fastenal Co. Edelstahlschrauben und Sechskantmuttern in einer dramatischen Makro-Detailaufnahme mit Tiefenschärfe, ISIN US3119001044, Illustration mit AI erstellt.

Fastenal Co. (US3119001044) stock is trading at EUR 45.95 at Lang & Schwarz on October 21, 2026, while Robert W. Baird raised its target from USD 59.00 to USD 60.00 on October 15, 2026. MarketBeat reported that the brokerage maintained an Outperform rating.

Quarterly growth reached 15.5 percent

Fastenal Company reported USD 2,463.3 million in net sales for the third quarter of 2026 ended September 30, up 15.5 percent from the third quarter of 2025. Net income rose 19.7 percent to USD 401.6 million, while diluted earnings per share increased to USD 0.35 from USD 0.29.

The operating margin reached 21.5 percent in the third quarter of 2026, compared with 20.7 percent a year earlier. Operating cash flow was USD 421.6 million, equal to 105.0 percent of net income. That combination gives the earnings story more depth than sales growth alone.

Three dated signals shape the stock

On October 13, 2026, Fastenal declared a quarterly dividend of USD 0.26 per share. On October 14, 2026, it reported third-quarter net sales of USD 2,463.3 million. On October 15, 2026, Robert W. Baird raised its target from USD 59.00 to USD 60.00.

What dates matter for shareholders?

The next two dated events are October 28, 2026, the shareholder record date for the dividend, and November 25, 2026, the scheduled cash payment date. Fastenal Company said the board declared the USD 0.26 dividend on October 13, 2026.

Valuation keeps the results in perspective

Fastenal's primary listing is on Nasdaq, where the stock closed at USD 51.65 on October 20, 2026, according to the dated market context. Its 52-week range was USD 38.97 to USD 52.92, placing the latest US close below the yearly high while the company delivered faster earnings growth than sales growth.

At Lang & Schwarz, Fastenal stock was trading at EUR 45.95 on October 21, 2026 at 11:05 a.m. CEST. The market capitalization was USD 59.3 billion as of October 20, 2026, and the company reported USD 100.0 million of total debt at September 30, 2026.

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