There's been significant activity regarding Fastenal Co, for instance, KLP Kapitalforvaltning AS, Bank Julius Baer & Co. Ltd Zurich and J.W. Cole Advisors Inc have increased their stock positions while Los Angeles Capital Management LLC, Baillie Gifford & Co., and Madison Asset Management LLC have made notable sales. Amidst these transactions, a Fastenal Executive also cashed out with a notable stock sale. Meanwhile, Fastenal's Q1 and Q2 2025 earnings call showed record revenue and strong digital growth.
Moreover, analysts from Bank of America Securities, KeyBanc, and Morgan Stanley issued their opinions on Fastenal, varied from a buy to hold rating. Other significant achievements include a two-for-one stock split and the announcement of a cash dividend. Fastenal currently boasts 86% institutional ownership and has yielded a 19% CAGR over the last five years for shareholders.
However, Fastenal stock has a premium valuation attached, and there seems to be no room for error. The company's strong earnings and high valuation make it among the best industrial distribution stocks to buy according to hedge funds and a favorite amongst big guns.
Fastenal Co FAST News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 26 Jul 2025 23:46:33 GMT - Rating 6 - Innovation 3 - Information 8 - Rumor -4
