Fastenal Co., US3119001044

Baird raises target for Fastenal stock to USD 60.00

Published on 10/16/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fastenal's value reached USD 58.1 billion on October 16, 2026. Fastenal stock costs EUR 44.94 on October 16, 2026 at Lang & Schwarz.

Analyst target and valuation

Baird raised its Fastenal target to USD 60.00 on October 15, 2026.
Fastenal's market capitalization stood at USD 58.1 billion on October 16, 2026.
Fastenal stock costs EUR 44.94 at Lang & Schwarz on October 16, 2026 at 4:02 p.m. CEST.
Fastenal traded at a P/E ratio of 40.77 on October 16, 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 stock is the subject of a higher USD 60.00 target from Baird, which raised its previous USD 59.00 target on October 15, 2026, according to Markets Insider. The stock was priced at EUR 44.94 at Lang & Schwarz on October 16, 2026 at 4:02 p.m. CEST.

Target rises while rating stays positive

Baird analyst David Manthey kept an Outperform rating while lifting the target by USD 1.00. The new target is 1.69 percent higher than the old target, based on the two dollar-denominated figures reported on October 15, 2026.

Bernstein also raised its target from USD 42.00 to USD 47.00 on October 15, 2026, but retained an Underperform rating, according to Investing.com. Its report cited healthy end-market demand alongside pressure on price-cost dynamics.

Valuation remains measurable

Fastenal's market capitalization stood at USD 58.1 billion on October 16, 2026. The finance profile listed a P/E ratio of 40.77 and a dividend yield of 0.02 percent for the same date. The 52-week range was USD 38.97 to USD 52.92.

Fastenal reported third-quarter 2026 revenue of USD 2.46 billion and diluted earnings per share of USD 0.35 for the period ended September 30, 2026, according to Fastenal. Revenue was USD 2.39 billion in the second quarter of 2026, giving the latest quarterly figure a USD 76.40 million sequential increase.

Comparison with peers

Fastenal Co.: P/E 40.77, market capitalization USD 58.1 billion
W.W. Grainger (NYSE, USD): plus 0.76 percent, P/E 34.20, market capitalization USD 63.2 billion
MSC Industrial Direct (NYSE, USD): minus 0.64 percent, P/E 31.40, market capitalization USD 7.3 billion

Price and valuation in view

Fastenal's euro quotation provides the German-market view, while its US valuation metrics remain the relevant comparison for the company. The 52-week high of USD 52.92 leaves the stock's valuation range clearly defined in the quoted home currency. The Baird target and Bernstein target also show a divided analyst picture, with targets of USD 60.00 and USD 47.00 on October 15, 2026.

Fastenal stock was trading at EUR 44.94 at Lang & Schwarz on October 16, 2026 at 4:02 p.m. CEST. The real-time quote of Fastenal stock is updated continuously.