Toronto Dominion Bank grew its stake in Fastenal (NASDAQ:FAST) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 187,207 shares of the company’s stock after purchasing an additional 2,293 shares during the period. Toronto Dominion Bank’s holdings in Fastenal were worth $10,859,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FAST. Delta Asset Management LLC TN lifted its stake in shares of Fastenal by 3,540.7% during the 3rd quarter. Delta Asset Management LLC TN now owns 3,131 shares of the company’s stock worth $182,000 after acquiring an additional 3,045 shares during the last quarter. Canton Hathaway LLC bought a new stake in shares of Fastenal during the 3rd quarter worth approximately $186,000. Meyer Handelman Co. bought a new stake in shares of Fastenal during the 3rd quarter worth approximately $203,000. Atria Investments LLC bought a new stake in shares of Fastenal during the 3rd quarter worth approximately $222,000. Finally, Advisor Partners LLC bought a new stake in shares of Fastenal during the 3rd quarter worth approximately $223,000. 84.37% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Daniel L. Florness bought 2,000 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was acquired at an average cost of $51.95 per share, with a total value of $103,900.00. Following the transaction, the chief executive officer now directly owns 99,845 shares in the company, valued at approximately $5,186,947.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Terry Modock Owen bought 1,500 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were purchased at an average cost of $52.07 per share, with a total value of $78,105.00. Following the completion of the transaction, the insider now owns 3,500 shares in the company, valued at $182,245. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 5,795 shares of company stock valued at $299,849. 0.56% of the stock is currently owned by corporate insiders.

FAST has been the subject of a number of research analyst reports. Northcoast Research reissued a “buy” rating and set a $62.00 price target on shares of Fastenal in a research note on Friday, July 27th. BidaskClub raised Fastenal from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research lowered Fastenal from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Wells Fargo & Co set a $50.00 price target on Fastenal and gave the stock a “hold” rating in a research note on Thursday, October 11th. Finally, ValuEngine lowered Fastenal from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.40.

Shares of NASDAQ FAST opened at $55.38 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.35 and a quick ratio of 2.48. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.59 and a beta of 1.01. Fastenal has a twelve month low of $47.37 and a twelve month high of $61.14.

Fastenal (NASDAQ:FAST) last issued its earnings results on Wednesday, October 10th. The company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Fastenal had a return on equity of 32.29% and a net margin of 15.25%. Fastenal’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. Research analysts expect that Fastenal will post 2.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, October 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, October 23rd. Fastenal’s dividend payout ratio (DPR) is presently 82.90%.

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About Fastenal

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.

Further Reading: Cash Flow Analysis in Stock Selection

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Institutional Ownership by Quarter for Fastenal (NASDAQ:FAST)

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