The
Fastenal Company has announced a
two for one stock split and an increase of its
dividend to $0.44, making several headlines in recent news. The company has been seeing growth, consistently meeting market
expectations for its Q1 2025 earnings.
State of Tennessee Department of Treasury, BI Asset Management Fondsmaeglerselskab A S, and Natixis have bought shares, while
Ossiam and Jump Financial LLC have offloaded part of their positions in FAST.
Champlain Investment Partners LLC and Rockefeller Capital Management have also acquired new positions. Analysts have praised Fastenal's
growth strategy and resilient sales amidst market challenges. The company has been dubbed among the best
Industrial Distribution Stocks to buy according to hedge funds. However, concerns have been raised about the company's share price, which is perceived as
potentially overvalued. The stock is heavily dominated by
institutional ownership representing 84% of the company.
Fastenal Co FAST News Analytics from Sun, 22 Sep 2024 07:00:00 GMT to Sat, 26 Apr 2025 10:12:02 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
