Fastenal Co., US3119001044

Fastenal stock: Bernstein lifts Fastenal stock target to USD 47.00

Published on 10/19/2026 at 16:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Large customers drove Fastenal revenue growth, with 60.00 percent of sales from accounts growing 28.00 percent. Fastenal stock costs EUR 45.62 on October 19, 2026 at 4:10 p.m. CEST while Nasdaq price is USD 51.09.

Analyst target and business growth

Bernstein raised its Fastenal target to USD 47.00 from USD 42.00 on October 15, 2026.
Customers spending USD 50,000 or more monthly represented 60.00 percent of revenue and grew 28.00 percent.
Fastenal stock costs EUR 45.62 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST.
Fastenal had a market capitalization of USD 58.6 billion and a P/E ratio of 41.24 on October 19, 2026.

Isometrische 3D-Illustration der industriellen Lieferkette von Hersteller über Lager zu Kunden — Fastenal Co. Lieferkette als isometrisches 3D-Prozessdiagramm von Hersteller zu Kunden, ISIN US3119001044, Illustration mit AI erstellt.

Bernstein raised its Fastenal price target to USD 47.00 from USD 42.00 on October 15, 2026, while keeping an Underperform rating, according to Investing.com. The revised target stood 8.00 percent below the Nasdaq price of USD 51.09 on October 19, 2026. Fastenal stock was at EUR 45.62 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST.

Large customers lead growth

Fastenal's customer mix is becoming more concentrated in its largest accounts. Customers generating USD 50,000 or more in monthly sales represented 60.00 percent of revenue and grew 28.00 percent, while the remaining 40.00 percent grew 1.00 percent, according to the Bernstein report.

Stock stays near yearly high

The Nasdaq quote stood at USD 51.09 on October 19, 2026, up 0.13 percent on the day. Fastenal's 52-week range was USD 38.97 to USD 52.92, placing the share price 3.46 percent below the high. The stock had gained 31.70 percent year to date, according to Investing.com.

Fastenal reported third-quarter 2026 revenue of USD 2.46 billion, up 15.50 percent year over year, and adjusted earnings per share of USD 0.35 versus consensus of USD 0.34, according to MarketBeat. The report was dated October 14, 2026.

Valuation and peer comparison

Fastenal had a market capitalization of USD 58.6 billion, a P/E ratio of 41.24 and a dividend yield of 2.00 percent on October 19, 2026. The valuation leaves Bernstein's USD 47.00 target below the latest Nasdaq price.

Comparison with peers

Fastenal Co.: plus 0.13 percent, P/E 41.24, market capitalization USD 58.6 billion

W.W. Grainger, Inc. (NYSE, USD): minus 0.05 percent, P/E 33.94, market capitalization USD 62.6 billion

MSC Industrial Direct Co. (NYSE, USD): minus 1.24 percent, P/E 31.10, market capitalization USD 7.2 billion

Price and investor context

Fastenal's euro quotation and Nasdaq quotation pointed to the same trading session on October 19, 2026, with the home-market price 3.46 percent below its 52-week high. The next scheduled reporting date was not included in the cited company materials.

Fastenal stock was trading at EUR 45.62 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST.

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