Oct 11 (Reuters) - Industrial supplies maker Fastenal (FAST.O), opens new tab ... benefiting from a sustained demand for its safety products. Shares of the company rose about 4.5% in premarket ...
(Reuters) - Industrial supplies maker Fastenal on Friday posted a third-quarter profit that marginally surpassed analysts' estimates, benefiting from a sustained demand for its safety products.
Fastenal Company (NASDAQ:FAST) shares are trading slightly higher Monday. BofA Securities analyst Sabrina Abrams initiated coverage on Fastenal with a Buy rating and announced a price target of $ ...
Fastenal's growth has temporarily slowed down due to weak industrial activity, and a weak PMI still looks to pressure growth in Q3. Despite the weaker growth, Fastenal's margins have remained ...
Notably, Fastenal has been experiencing a divergence in the performance of Fastener versus its non-fastener product lines. Fasteners are more tied to final goods production, making them vulnerable ...
(Reuters) - Industrial supplies maker Fastenal on Friday posted a third-quarter profit that marginally surpassed analysts' estimates, benefiting from a sustained demand for its safety products. Shares ...
Sales of safety supplies were up 6.8%, and other product lines added 3.7%. That offset a drop in fastener sales of 4.0%. Fastenal's stock rose almost 10% Friday afternoon to $76.81, its highest ...