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Fastenal Company (FAST-Q) is recognized as a quality business but faces challenges related to its sensitivity to the industrial capital expenditure cycle. One expert noted their decision to sell the stock in favor of investing in 3M due to concerns about the economy potentially not experiencing a soft landing. The stock currently trades at a forward price-to-earnings ratio of 32 times, which is significantly higher than 3M's valuation of 17 times. This discrepancy suggests that Fastenal may be overvalued in comparison to a more diversified business like 3M. Overall, while Fastenal has strengths, the economic context and valuation metrics raise caution among analysts.
If you want a case study for the anatomy of exceptional dividend growth, this would be the company. Back in 2005 they had a low payout ratio and were growing top and bottom lines, and then they increased the payout ratio. Their dividend in 2005 went to $0.16 a share, and then went to $1 per share in 2014, a 23% dividend growth per share in 10 years. The dividend is secure although it is growing at a slower rate.
Fastenal Company is a American stock, trading under the symbol FAST-Q on the NASDAQ (FAST). It is usually referred to as NASDAQ:FAST or FAST-Q
In the last year, 1 stock analyst published opinions about FAST-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fastenal Company.
Fastenal Company was recommended as a Top Pick by on . Read the latest stock experts ratings for Fastenal Company.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Fastenal Company In the last year. It is a trending stock that is worth watching.
On 2025-04-25, Fastenal Company (FAST-Q) stock closed at a price of $80.73.
The sold it over the summer. They report next week, A quality business but economically sensitive to the industrial capex cycle. Not a bad company. He sold it to buy more 3M. A reason to sell is that we may not see the soft landing to the economy. It trades at 32x forward PE vs.17x PE in 3M, which runs a more diversified business.