5,456 Shares in Fastenal Company $FAST Acquired by Patton Fund Management Inc.

September 29, 2025

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Patton Fund Management Inc. bought a new position in Fastenal Company (NASDAQ:FAST – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,456 shares of the company’s stock, valued at approximately $229,000.

A number of other hedge funds have also recently made changes to their positions in FAST. Vanguard Group Inc. grew its position in Fastenal by 1.4% during the first quarter. Vanguard Group Inc. now owns 73,317,271 shares of the company’s stock worth $5,685,754,000 after buying an additional 1,016,479 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fastenal by 8.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 22,615,915 shares of the company’s stock valued at $1,753,864,000 after acquiring an additional 1,850,871 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Fastenal by 1.7% during the first quarter. Baird Financial Group Inc. now owns 8,418,765 shares of the company’s stock worth $652,875,000 after purchasing an additional 142,972 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Fastenal by 2.6% in the first quarter. Principal Financial Group Inc. now owns 6,591,850 shares of the company’s stock worth $511,198,000 after purchasing an additional 168,830 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Fastenal by 11.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,933,636 shares of the company’s stock valued at $460,153,000 after purchasing an additional 613,254 shares in the last quarter. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

Fastenal Stock Up 1.8%

FAST opened at $48.70 on Monday. Fastenal Company has a 12 month low of $34.69 and a 12 month high of $50.63. The company has a current ratio of 4.22, a quick ratio of 2.12 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $48.07 and its 200-day moving average price is $43.27. The company has a market cap of $55.89 billion, a P/E ratio of 46.83, a P/E/G ratio of 4.43 and a beta of 0.97.

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Fastenal (NASDAQ:FAST – Get Free Report) last issued its earnings results on Monday, July 14th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Fastenal had a return on equity of 32.33% and a net margin of 15.30%.Fastenal’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, equities analysts expect that Fastenal Company will post 2.15 EPS for the current year.

Fastenal Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th were given a $0.22 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. Fastenal’s payout ratio is presently 84.62%.

Insider Activity

In other news, EVP William Joseph Drazkowski sold 6,842 shares of Fastenal stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $48.67, for a total value of $333,000.14. Following the sale, the executive vice president directly owned 11,994 shares in the company, valued at approximately $583,747.98. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sheryl Ann Lisowski sold 21,052 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $45.21, for a total value of $951,760.92. Following the transaction, the chief financial officer directly owned 10,192 shares in the company, valued at $460,780.32. This trade represents a 67.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 111,230 shares of company stock valued at $5,288,364. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FAST shares. Wolfe Research restated a “positive” rating on shares of Fastenal in a research report on Monday, July 14th. Morgan Stanley set a $40.00 target price on Fastenal and gave the company an “equal weight” rating in a research note on Thursday, July 3rd. Stifel Nicolaus set a $82.00 price target on Fastenal in a research note on Thursday, July 3rd. Northcoast Research started coverage on Fastenal in a report on Thursday, August 21st. They set a “neutral” rating on the stock. Finally, Stephens boosted their target price on Fastenal from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Fastenal has an average rating of “Hold” and a consensus target price of $46.82.

Get Our Latest Analysis on FAST

Fastenal Company Profile

(Free Report)

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.