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Fastenal Receives Equal Weight Rating and $49 Price Target from Barclays
ByAinvest
Tuesday, Oct 7, 2025 5:56 pm ET1min read
Barclays initiates coverage on Fastenal with an Equal Weight rating and $49 price target. The firm highlights Fastenal's strong position in a tariff-driven inflation environment, but notes that its valuation may limit potential for significant stock appreciation. Investors should focus on Fastenal's top-line growth for its core investment thesis.
Barclays has initiated coverage on Fastenal Company (NASDAQ: FAST) with an Equal Weight rating and a $49 price target. The firm highlights Fastenal's strong position in a tariff-driven inflation environment, noting that its valuation may limit potential for significant stock appreciation. Investors should focus on Fastenal's top-line growth for its core investment thesis [1].Fastenal reported earnings of $0.29 per share for the quarter, exceeding analysts' expectations of $0.28, with a revenue of $2.08 billion. The company has recently restated its quarterly dividend at $0.22 per share, with a dividend yield of 1.8% and a payout ratio of 84.62% [1].
Confluence Wealth Services Inc. grew its position in shares of Fastenal by 102.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,959 shares of the company's stock after purchasing an additional 18,171 shares during the quarter. Confluence Wealth Services Inc.'s holdings in Fastenal were worth $1,510,000 as of its most recent SEC filing [1].
Barclays notes that Fastenal's valuation may be a limiting factor for significant stock appreciation, but the firm's strong position in a tariff-driven inflation environment offers a compelling investment case. Investors should closely monitor Fastenal's top-line growth for further insights into the company's performance [1].
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