Motley Fool Wealth Management LLC reduced its holdings in Fastenal Company by 10.4%, selling 14,933 shares during the first quarter. The firm owned 128,931 shares of the company's stock after the sale. Motley Fool Wealth Management LLC's holdings in Fastenal were worth $9,999,000 as of its most recent filing with the Securities and Exchange Commission. A number of other large investors have also added to or reduced their stakes in FAST. Horizon Financial Services LLC raised its stake in Fastenal by 5,330.0% in the 1st quarter. Horizon Financial Services LLC now owns 543 shares of the company's stock valued at $42,000 after acquiring an additional 533 shares during the period. Itau Unibanco Holding S.A. grew its holdings in Fastenal by 481.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 611 shares of the company's stock valued at $44,000 after buying an additional 506 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Fastenal in the 1st quarter valued at $49,000. TruNorth Capital Management LLC acquired a new position in Fastenal in the 1st quarter valued at $57,000. Finally, Golden State Wealth Management LLC grew its holdings in Fastenal by 5,661.5% in the 1st quarter. Golden State Wealth Management LLC now owns 749 shares of the company's stock valued at $58,000 after buying an additional 736 shares in the last quarter. Institutional investors own 81.38% of the company's stock. Fastenal's recent earnings report showed a modest rise, with an EPS of $0.29, exceeding estimates, and a quarterly revenue of $2.08 billion. The company announced a quarterly dividend of $0.22, representing an annual yield of 1.8%, with a payout ratio of 84.62%. Fastenal ( - ) last posted its earnings results on Monday, July 14th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. Fastenal had a return on equity of 32.33% and a net margin of 15.30%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, sell-side analysts forecast that Fastenal Company will post 2.15 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th will be given a $0.22 dividend. The ex-dividend date is Tuesday, July 29th. This represents a $0.88 annualized dividend and a yield of 1.8%. Fastenal's dividend payout ratio (DPR) is currently 84.62%. FAST has been the topic of a number of research reports. Loop Capital reaffirmed a 'hold' rating on shares of Fastenal in a report on Tuesday, July 15th. Stifel Nicolaus set a $82.00 price objective on Fastenal in a report on Thursday, July 3rd. Baird R W raised Fastenal from a 'hold' rating to a 'strong-buy' rating in a report on Thursday. Stephens upped their price objective on Fastenal from $40.00 to $45.00 and gave the company an 'equal weight' rating in a report on Tuesday, July 15th. Finally, Wolfe Research reiterated a 'positive' rating on shares of Fastenal in a research report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Fastenal presently has a consensus rating of 'Hold' and an average target price of $46.36. In other Fastenal news, CFO sold 21,052 shares of the stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $45.21, for a total value of $951,760.92. Following the completion of the transaction, the chief financial officer directly owned 10,192 shares in the company, valued at approximately $460,780.32. This trade represents a 67.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through . Also, EVP sold 32,724 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $41.23, for a total value of $1,349,046.90. The disclosure for this sale can be found . 0.37% of the stock is currently owned by company insiders. 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.

Motley Fool Wealth Management LLC Sells 14,933 Shares of Fastenal Company (NASDAQ:FAST)

Motley Fool Wealth Management LLC reduced its holdings in Fastenal by 10.4%, selling 14,933 shares in the first quarter and now owns 128,931 shares valued at $9,999,000. Other institutional investors such as Horizon Financial Services LLC, Itau Unibanco Holding S.A., Zions Bancorporation National Association UT, TruNorth Capital Management LLC, and Golden State Wealth Management LLC have also adjusted their positions in Fastenal. Fastenal reported a quarterly revenue of $2.08 billion and earnings per share of $0.29, exceeding estimates, with a 8.6% year-over-year revenue increase and a 15.30% net margin. The company announced a quarterly dividend of $0.22, yielding 1.8% annually, with a payout ratio of 84.62%. Analysts have issued various ratings, including a 'strong-buy' from Baird R W and a 'hold' consensus from MarketBeat. Company insiders, including the CFO and EVP, have sold shares, with the CFO reducing ownership by 67.38% to 10,192 shares. Fastenal distributes industrial and construction supplies across the United States, Canada, Mexico, and internationally.