Fastenal Analysts Adjust Ratings and Price Targets

The industrial supply company received updates from multiple research firms.

Published on Feb. 9, 2026

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Fastenal (NASDAQ: FAST), a wholesale distributor of industrial and construction supplies, recently received a number of ratings updates from brokerages and research firms. This includes an increase in the company's price target from analysts at Robert W. Baird. Fastenal also announced an increase to its quarterly dividend, which will be paid out later this month.

Why it matters

As a major industrial supplier, Fastenal's performance and outlook are closely watched by analysts and investors. These rating changes and dividend increase provide insight into the company's current financial health and growth prospects.

The details

On February 5th, analysts at Robert W. Baird raised Fastenal's price target from $49.00 to $51.00. Fastenal also recently declared a quarterly dividend of $0.24 per share, up from the previous $0.22 per share. This represents a $0.96 annualized dividend and a yield of 2.1%. Additionally, Fastenal director Scott Satterlee sold 15,964 shares of the company's stock, while director Sarah N. Nielsen acquired 1,000 shares.

  • Fastenal will pay its quarterly dividend on February 26, 2026.
  • The ex-dividend date is January 29, 2026.

The players

Robert W. Baird

An investment banking, asset management, and private equity firm.

Scott Satterlee

A director on Fastenal's board.

Sarah N. Nielsen

A director on Fastenal's board who recently acquired additional shares.

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What they’re saying

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What’s next

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The takeaway

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