Fastenal Company (NASDAQ:FAST) on Wednesday reported better-than-expected third-quarter 2026 results.

Diluted EPS of 35 cents beat the 34-cent estimate, while sales of $2.463 billion topped the $2.440 billion estimate. Net sales rose 15.5% year over year, and net income increased 19.7% to $401.6 million.

For 2026, Fastenal continues to expect net property and equipment investment of $310 million to $330 million.The company also expects an ongoing tax rate of about 24.6%, absent discrete items or broader tax-law changes.

Fastenal shares fell 0.7% to $51.65 in pre-market trading.

These analysts made changes to their price targets on Fastenal following earnings announcement.

• Baird analyst David Manthey maintained the stock with an Outperform rating and raised the price target from $59 to $60.
• Bernstein analyst Connor Cerniglia maintained the stock with an Underperform rating and boosted the price target from $42 to $47.

Considering buying FAST stock? Here’s what analysts think:

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