Fastenal Company(NASDAQ:FAST) Declares Dividend of $0.3000.

Fastenal Company (NASDAQ:FAST) had declared a cash dividend of $0.3000 on Oct 10, 2016. The shares will quote ex-dividend on Oct 21, 2016 and the record date has been fixed for Oct 25, 2016. On Oct 10, 2016 share price, the yield comes out to be 2.8490%. The dividend payable date has been fixed on Nov 22, 2016.

In a different note, Macquarie said it Initiates Coverage on Fastenal Company, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. Macquarie said it Initiates Coverage on Fastenal Company, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm.

Fastenal Company (FAST) remained unchanged at the close of Friday session. Even as the volume increased to 33,68,025 ,the shares failed to make any impression and ended at 0 points or 0.00% at $38.34. The trading session commenced at $38.13 and the stock hit a high of $38.635 and touched $37.7 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $49.99 and the 52-week low is $35.1001. The company has a market cap of $11,079 M and has approximately 28,89,65,950 outstanding shares.

Fastenal Company(FAST) last announced its earnings results on Jul 12, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.01B. Analysts had an estimated revenue of $1.02B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.48.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, Michael J Ancius (director) purchased 600 shares at $41.00 per share price.Also, On Mar 3, 2016, Sheryl Ann Lisowski (Interim CFO/CAO/Controller) sold 5,000 shares at $46.69 per share price.On Mar 3, 2016, James C Jansen (Executive Vice President) sold 25,000 shares at $46.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business) and also has some walk-in retail business. The Company’s product offerings include fasteners and other industrial and construction supplies many of which are sold under the Fastenal product name. The Company’s product line which it refers to as the fastener product line consists of two categories: threaded fasteners such as bolts nuts screws studs and related washers and miscellaneous supplies and hardware such as various pins and machinery keys concrete anchors metal framing systems wire rope strut rivets and related accessories. The Company’s product line includes fasteners cutting tools tools hydraulics and pneumatics material handling janitorial supplies electrical supplies welding supplies safety supplies metals direct ship and office supplies. It operates approximately 14 distribution centers in North America.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Fastenal Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Fastenal Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.