Morgan Stanley analyst Joshua Pokrzywinski maintained a Hold rating on Fastenal Company (FAST) today and set a price target of $34.00. The company’s shares closed last Monday at $36.02, close to its 52-week high of $37.91.
According to TipRanks.com, Pokrzywinski is a 3-star analyst with an average return of 3.8% and a 58.1% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Gardner Denver Holdings, and Lennox International.
Fastenal Company has an analyst consensus of Hold, with a price target consensus of $35.78.
See today’s analyst top recommended stocks >>
Based on Fastenal Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $214 million. In comparison, last year the company had a net profit of $198 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FAST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Fastenal Co. engages in the provision of fasteners, tools, and supplies which can help in the manufacture of products, build structures, protect personnel, and maintain facilities and equipment. It products include cutting tools & metalworking, fasteners, material handling, storage & packaging power, transmission & motors, tools & equipment, electricals, abrasives, hydraulics & pneumatics, plumbing, lifting & rigging, raw materials, fleet & automotive, welding, office products & furniture, janitorial and lighting. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.
