Fastenal (NASDAQ:FAST) announced a quarterly dividend on Thursday, January 16th, RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.25 per share on Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, January 30th. This is a positive change from Fastenal’s previous quarterly dividend of $0.22.

Fastenal has a dividend payout ratio of 63.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fastenal to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 56.8%.

Fastenal stock opened at $35.25 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.00 and a current ratio of 4.51. The business’s 50-day simple moving average is $36.61 and its two-hundred day simple moving average is $33.92. The company has a market cap of $20.37 billion, a PE ratio of 25.54, a PEG ratio of 1.76 and a beta of 1.25. Fastenal has a fifty-two week low of $28.38 and a fifty-two week high of $37.94.

Fastenal (NASDAQ:FAST) last posted its quarterly earnings results on Friday, January 17th. The company reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Fastenal had a return on equity of 31.16% and a net margin of 14.83%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, analysts predict that Fastenal will post 1.44 EPS for the current fiscal year.

In other Fastenal news, Director Darren R. Jackson purchased 18,000 shares of the stock in a transaction on Thursday, January 23rd. The shares were bought at an average price of $35.57 per share, for a total transaction of $640,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sheryl Ann Lisowski sold 20,578 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $36.94, for a total value of $760,151.32. Following the transaction, the chief accounting officer now owns 17,266 shares in the company, valued at approximately $637,806.04. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

FAST has been the topic of a number of recent research reports. Buckingham Research upped their target price on Fastenal from $33.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Jefferies Financial Group initiated coverage on Fastenal in a research note on Friday, November 22nd. They issued a “buy” rating and a $377.00 target price on the stock. ValuEngine downgraded Fastenal from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Argus upped their target price on Fastenal to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, BidaskClub downgraded Fastenal from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $74.11.

Fastenal Company Profile

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

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Dividend History for Fastenal (NASDAQ:FAST)

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