Fastenal Co., US3119001044

Argus raises target for Fastenal stock from USD 55.00 to USD 59.00

Published on 10/26/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Argus set a USD 59.00 target after USD 55.00 for Fastenal. Fastenal stock is EUR 46.93 at Lang & Schwarz on October 26, 2026 at 4:10 p.m. CEST.

Argus target and quarterly growth

Argus raised its Fastenal target from USD 55.00 to USD 59.00 on October 21, 2026.
Third-quarter net sales increased 15.50 percent year over year to USD 2.46 billion.
Fastenal stock was trading at EUR 46.93 at Lang & Schwarz on October 26, 2026 at 4:10 p.m. CEST.
Operating margin reached 21.50 percent in the third quarter of 2026.

Fastenal Co., US3119001044, Illustration mit AI erstellt.

Fastenal Co. (ISIN US3119001044) received a higher USD 59.00 price target from Argus Research, up from USD 55.00, in a note dated October 21, 2026, according to MarketScreener. Fastenal's third-quarter results showed sales growth and wider operating margins. At Lang & Schwarz, the stock was trading at EUR 46.93 on October 26, 2026 at 4:10 p.m. CEST.

Target rises as sales accelerate

Argus's target move followed Fastenal's latest quarterly performance, although the research source did not state a rating change. Fastenal reported third-quarter 2026 net sales of USD 2.46 billion, an increase of 15.50 percent from USD 2.13 billion in the third quarter of 2025. The figures came from the company's October 14 release, published on its investor-relations site.

According to Fastenal Company, operating income rose 20.20 percent year over year to USD 530.8 million in the third quarter of 2026. Net income increased 19.70 percent to USD 401.6 million, while diluted earnings per share rose to USD 0.35 from USD 0.29.

Stock stays near its yearly high

The US-listed share was at USD 52.49 on October 26, 2026 at 11:21 a.m. EDT, based on the latest market quote. Its USD 38.97 to USD 52.92 52-week range places the price 0.81 percent below the high. Market capitalization stood at USD 60.2 billion, while the price-to-earnings ratio was 42.36.

Margin and spending remain key

Fastenal's operating margin reached 21.50 percent in the third quarter of 2026, compared with 20.70 percent a year earlier. The company also said it expects 2026 property-and-equipment investment, net of proceeds, of USD 310.0 million to USD 330.0 million, versus USD 230.6 million in 2025, according to Yahoo Finance. That spending plan is the clearest counterweight to the stronger sales and margin figures.

Price and target in perspective

The Argus target of USD 59.00 stands 12.40 percent above the USD 52.49 Nasdaq price. Fastenal's latest quarter also exceeded the USD 2.44 billion revenue consensus and the USD 0.34 earnings-per-share estimate, with results carried by larger-customer gains, pricing actions and broad demand, according to Yahoo Finance.

Fastenal stock price

Fastenal stock was trading at EUR 46.93 at Lang & Schwarz on October 26, 2026 at 4:10 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Fastenal stock.