Fastenal Co., US3119001044

Robert W. Baird raises target for Fastenal stock to USD 60.00

Published on 10/20/2026 at 11:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Baird raised its target to USD 60.00 on October 15, 2026. Fastenal stock costs EUR 45.57 on October 20, 2026, ahead of October 28 record date.

Fastenal target and earnings

Robert W. Baird raised its target to USD 60.00 on October 15, 2026.
Third-quarter sales reached USD 2.46 billion, up 15.5 percent year over year.
Fastenal stock traded at EUR 45.57 at 11:41 a.m. CEST at Lang & Schwarz on October 20, 2026.
Fastenal declared a USD 0.26 dividend payable on November 25, 2026.

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Fastenal Co. (ISIN US3119001044) received a higher price target from Robert W. Baird on October 15, 2026, as the brokerage lifted its target from USD 59.00 to USD 60.00 and maintained an outperform rating, according to MarketBeat. The target revision followed Fastenal's third-quarter results and puts valuation discipline alongside the company's strong operating growth.

Target rises to USD 60.00

Fastenal reported third-quarter 2026 net sales of USD 2.46 billion, up 15.5 percent from the same 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.

Operating income reached USD 530.8 million in the third quarter, up 20.2 percent year over year. The operating margin expanded to 21.5 percent from 20.7 percent, showing that expense leverage more than offset pressure on gross margin. These figures come from Fastenal Company's October 14, 2026 release.

Three events shape the stock

On October 13, 2026, Fastenal declared a USD 0.26 quarterly dividend. On October 14, 2026, it reported USD 2.46 billion in third-quarter sales and a 21.5 percent operating margin. On October 15, 2026, Robert W. Baird raised its target to USD 60.00 from USD 59.00.

What does the margin mean?

The margin expansion is the key operating counterweight to valuation concerns. Fastenal generated USD 421.6 million of operating cash flow in the third quarter and returned USD 328.4 million to shareholders through dividends and repurchases. The company also expects 2026 spending on property and equipment of USD 310.0 million to USD 330.0 million, compared with USD 230.6 million in 2025, according to its earnings release.

Dividend dates are next

Fastenal's next two substantiated shareholder dates are October 28, 2026, for the record date, and November 25, 2026, for the cash payment. The board declared both dates with the USD 0.26 per-share dividend in its October 13, 2026 release, reported by Fastenal Company.

Stock trades near its yearly high

Fastenal stock was trading at EUR 45.57 at Lang & Schwarz on October 20, 2026 at 11:41 a.m. CEST. The primary listing is Nasdaq in USD, where the 52-week range was USD 38.97 to USD 52.92 and market capitalization was USD 58.5 billion as of October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of Fastenal Co stock.