Fastenal Co., US3119001044

Fastenal stock: Baird raised its target from USD 59 to USD 60 for Fastenal stock

Published on 10/20/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 15.50 percent to USD 2.46 billion. Fastenal stock costs EUR 46.08 on October 20, 2026, 12.93 percent below its high.

Target and earnings figures

Baird raised its Fastenal target from USD 59 to USD 60 on October 15, 2026.
Third-quarter revenue rose 15.50 percent to USD 2.46 billion and operating margin reached 21.50 percent.
Fastenal stock costs EUR 46.08 at Lang & Schwarz on October 20, 2026 at 4:00 p.m. CEST, 12.93 percent below its 52-week high.

Flatlay mit Aktienzertifikat, ISIN-Karte US3119001044, Schrauben und Handwerkzeug auf Schiefer — Fastenal Co. Aktienzertifikat und ISIN-Karte US3119001044 im Flatlay mit Schrauben und Werkzeug arrangiert, Illustration mit AI erstellt.

Markets Insider reported on October 15, 2026 that Baird raised its Fastenal target from USD 59 to USD 60 and kept an Outperform rating. At the Nasdaq, the target lies 16.12 percent above Fastenal's USD 51.67 price on October 20, 2026 at 10:03 a.m. EDT. At Lang & Schwarz, Fastenal stock was trading at EUR 46.08 on October 20, 2026 at 4:00 p.m. CEST.

Sales growth reached 15.50 percent

Fastenal's latest operating report covered the third quarter ended September 30, 2026. The company reported USD 2.46 billion in revenue, up 15.50 percent from USD 2.13 billion in the third quarter of 2025, according to Fastenal. Operating income reached USD 530.80 million, while net income was USD 401.60 million.

The report also showed operating margin of 21.50 percent, compared with 20.70 percent a year earlier. Diluted earnings per share reached USD 0.35, up from USD 0.29 in the prior-year quarter. Operating cash flow was USD 421.60 million for the three months ended September 30, 2026.

Stock remains below its yearly high

Fastenal's Nasdaq price of USD 51.67 on October 20, 2026 stood below its 52-week high of USD 52.92 and above its 52-week low of USD 38.97. The company's market capitalization was USD 59.3 billion, and its trailing price-to-earnings ratio was 41.64.

The earnings release provides the main operating comparison for the stock: revenue growth was 15.50 percent, while operating margin expanded by 0.80 percentage points year over year. That combination gives the latest quarter a stronger earnings profile than sales growth alone would indicate.

Analyst target sets the next benchmark

Baird's October 15 target revision followed the third-quarter report, while Bernstein SocGen Group raised its target from USD 42 to USD 47 on October 15 and retained an Underperform rating, as Investing.com reported. Bernstein cited strong end-market growth but also noted that the September exit rate of 14.40 percent fell short of investor expectations.

Euro price and US valuation

Fastenal's euro quote places the stock below its annual high, while the US listing remains above its annual low. The latest reported quarter gives investors a dated operating reference through revenue, margin, earnings and cash flow.

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