Fastenal Co., US3119001044

Fastenal stock: Argus raises target for Fastenal stock from USD 55.00 to USD 59.00

Published on 10/23/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 15.50 percent. Fastenal stock costs EUR 46.48 on October 23, 2026, down 0.15 percent versus the Tradegate close.

Argus target and earnings

Argus raised its Fastenal target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter revenue rose 15.50 percent to USD 2.46 billion.
Fastenal stock costs EUR 46.48 at Lang & Schwarz on October 23, 2026 at 4:43 p.m. CEST, down 0.15 percent versus the Tradegate close.
The company will pay a USD 0.26 dividend on November 25, 2026.

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Fastenal Co. (ISIN US3119001044) drew attention after Argus raised its price target from USD 55.00 to USD 59.00 on October 21, 2026, while maintaining a buy rating, as MarketBeat reported. The target lies 12.60 percent above the USD 52.40 Nasdaq price on October 23, 2026 at 10:59 a.m. EDT. Fastenal was trading at EUR 46.48 at Lang & Schwarz on October 23, 2026 at 4:43 p.m. CEST, down 0.15 percent versus the Tradegate close of October 22, 2026 at EUR 46.55.

Third-quarter sales rose 15.50 percent

Fastenal reported third-quarter 2026 revenue of USD 2.46 billion, up 15.50 percent from the third quarter of 2025, according to its company release dated October 14, 2026. Operating income increased 20.20 percent to USD 530.8 million, and the operating margin reached 21.50 percent, up from 20.70 percent a year earlier. Net income rose 19.70 percent to USD 401.6 million.

Nasdaq price stays near yearly high

The Nasdaq quote of USD 52.40 on October 23, 2026 at 10:59 a.m. EDT stood 1.00 percent below Fastenal's 52-week high of USD 52.92 and 34.47 percent above its 52-week low of USD 38.97. The stock's market capitalization was USD 60.1 billion and its price-to-earnings ratio was 42.26 on the same date. The company traded 1,451,124 shares at that timestamp.

Dividend dates set the next marker

Fastenal declared a quarterly dividend of USD 0.26 per share, payable on November 25, 2026 to shareholders of record on October 28, 2026, according to MarketScreener on October 13, 2026. The payment date is the next dated shareholder return event in the published schedule.

Target and price tell different stories

Argus's USD 59.00 target sits above the Nasdaq quotation, but Fastenal's valuation already reflects sustained earnings growth. The combination of a 42.26 price-to-earnings ratio and a 21.50 percent third-quarter operating margin leaves future margin delivery central to the valuation.

Fastenal was trading at EUR 46.48 at Lang & Schwarz on October 23, 2026 at 4:43 p.m. CEST, down 0.15 percent versus the Tradegate close of October 22, 2026 at EUR 46.55. The further course of trading is shown by the continuously updated real-time quote of Fastenal stock.