Fastenal Co., US3119001044

Fastenal stock: Argus raises target to USD 59.00

Published on 10/21/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 15.50 percent to USD 2.46 billion. Fastenal stock costs EUR 46.64 on October 21, 2026 at 5:32 p.m. CEST.

Target and earnings detail

Argus raised its Fastenal target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter revenue increased 15.50 percent to USD 2.46 billion, while operating margin reached 21.50 percent.
Fastenal stock costs EUR 46.64 at Lang & Schwarz on October 21, 2026 at 5:32 p.m. CEST.

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.

Argus raised its Fastenal target from USD 55.00 to USD 59.00 in a research note issued on October 21, 2026, while keeping a Buy rating, as MarketBeat reported. Fastenal stock was trading at EUR 46.64 at Lang & Schwarz on October 21, 2026 at 5:32 p.m. CEST.

Revenue growth stays broad

Fastenal reported third-quarter 2026 net sales of USD 2,463.30 million, up 15.50 percent from the third quarter of 2025. Net income increased 19.70 percent to USD 401.60 million, while diluted earnings per share rose to USD 0.35 from USD 0.29, according to the company's October 14 release from Fastenal Company.

The operating margin widened to 21.50 percent from 20.70 percent in the year-earlier quarter. Operating income rose 20.20 percent to USD 530.80 million, showing that profit growth exceeded the sales increase during the three months ended September 30, 2026.

Margin and cash flow matter

Fastenal generated USD 421.60 million in operating cash flow during the third quarter of 2026, equal to 105.00 percent of net income. The company returned USD 328.40 million to shareholders through dividends and repurchases, while total debt stood at USD 100.00 million at September 30, 2026.

The quarterly release also reported 7,484 weighted FASTBin and FASTVend device signings in the third quarter. Fastenal's 2026 goal is 27,000 to 29,000 weighted device signings, a range that gives investors a measurable operating milestone beyond revenue growth.

Valuation remains elevated

Fastenal's primary listing is Nasdaq under the ticker FAST. Its latest USD 52.37 quote on October 21, 2026 at 11:33 a.m. ET stood below the USD 52.92 52-week high and above the USD 38.97 low. MarketBeat cited a price-to-earnings ratio of 41.65 and a market capitalization of USD 59.27 billion on October 21, 2026.

Stock price and target

Argus's USD 59.00 target is higher than its previous USD 55.00 target and sits above the latest Nasdaq quote. DA Davidson had retained a Neutral rating and a USD 51.00 target on October 19, 2026, according to Investing.com.

Fastenal stock after October results

The combination of 15.50 percent quarterly sales growth and a 21.50 percent operating margin keeps the earnings profile central to the valuation discussion. The next market test is whether customer demand and operating leverage can support the targets set for the remainder of 2026.

Fastenal stock was trading at EUR 46.64 at Lang & Schwarz on October 21, 2026 at 5:32 p.m. CEST.

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