Analysts raised their predictions for Fastenal after the company’s better-than-expected Q3 results.

Oct 15, 2026, 9:24 AM ETResultsRead the original at Benzinga

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Fastenal beat sales and profit estimates, with sales up 15.5% and net income up 19.7%. Despite split analyst views and planned equipment spending of $310 million to $330 million, reported growth supports a positive reading.

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Fastenal’s sales and profit gains show that its business grew. Analysts were split: Baird kept a positive rating, while Bernstein kept a negative rating, though both raised their price targets. Fastenal also expects to spend $310 million to $330 million on property and equipment and expects a tax rate near 24.6%. These plans and divided views do not outweigh the reported growth.

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