True North Advisors 13F: Adds $3.3M to Fastenal (FAST) Stake
Key Points
- True North Advisors grew its Fastenal Company stake by 49.2%, purchasing 66,542 shares to bring its total holding to 201,758 shares worth about $10.0 million.
- Fastenal Company recently traded around $52.15, sitting about 3.5% above its 50-day moving average and up 33.8% over its 52-week low.
- Bank Of New York Mellon Corporation trimmed its position in the company by 27.4% during the period, ending with 17,891,109 shares worth about $943.4 million.
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True North Advisors increased its investment in Fastenal Company FAST by 49.2% during the third quarter, according to a Form 13F filing with the SEC on October 22, 2026. The firm bought an additional 66,542 shares of the industrial supplier during the period, bringing its total ownership to 201,758 shares. The reported value of the stake stood at approximately $9,993,079 as of the filing date. Fastenal shares closed at $52.08 on the day of the filing.
FAST
Fastenal Company
What Changed in True North Advisors's Fastenal Company Position
The firm expanded its portfolio footprint in the industrial distributor by lifting its share count from 135,216 to 201,758. That 49.2% jump added 66,542 shares to its holdings. The overall position value reached nearly $10.0 million by the time the paperwork was submitted to regulators.
Other Institutional Activity in Fastenal Company
Other large institutional investors also adjusted their positions in Fastenal during recent reporting cycles. Bank Of New York Mellon Corporation reduced its holdings by 6,762,479 shares, ending the period with 17,891,109 shares valued at about $943.4 million after a 27.4% cut.
Fastenal Company Stock Up 1.0%
Fastenal recently traded around $52.15, staying roughly equal to its event-day close of $52.08 on October 22, 2026. The stock trades about 3.5% above its 50-day moving average of $50.37 and roughly 11.4% above its 200-day moving average of $46.80. Shares sit about 1.5% below their 52-week high of $52.92 and roughly 33.8% above their 52-week low of $38.97. The company carries a market capitalization of roughly $60.1 billion and a price-to-earnings ratio of 42.6.
Recent Earnings
Fastenal reported trailing twelve month revenue of $9.08 billion and earnings of $1.23 per share. The company posted a net profit margin of 15.6% alongside a return on equity of 35.3%. Its year-over-year quarterly revenue growth reached 15.5%. The company's next earnings report is expected around January 19, 2027.
Dividend
Fastenal pays an annual dividend rate of $1.04 per share, translating to a dividend yield of 2.01%. The company distributes 78.1% of its earnings as dividends to shareholders based on current payout metrics.
Insider Buying and Selling at Fastenal Company
Company insiders executed several stock sales over the summer months. Director Michael J Ancius sold 3,000 shares on July 28, 2026, at an average price of $49.00 for a total value of $147,000. Director Rita J Heise sold 34,964 shares on August 5, 2026, at $50.05 per share, totaling $1,750,102. Director Michael J Ancius executed another sale of 3,000 shares on August 10, 2026, at $52.00 per share, worth $156,000. Officer Donnalee Kathleen Papenfuss disposed of 9,258 shares on August 13, 2026, for a total value of $475,758.
Analysts Set New Price Targets
Wall Street firms updated their views on Fastenal ahead of the filing. On July 16, 2026, Morgan Stanley maintained its Equal-Weight rating while raising its price target from $48.00 to $52.00. DA Davidson maintained a Neutral rating with a $51.00 price target on October 15, 2026. Bernstein kept its Underperform rating on October 15, 2026, lifting its target from $42.00 to $47.00. Baird maintained an Outperform rating on October 15, 2026, boosting its target to $60.00 from $59.00. Argus Research maintained a Buy rating on October 21, 2026, raising its target from $55.00 to $59.00. Overall consensus on the stock sits at a hold rating, with a mean price target of $51.07 across 13 analyst opinions.
About Fastenal Company
Fastenal Company operates as a wholesale distributor of industrial and construction supplies. Headquartered in Winona, Minnesota, the firm supplies fasteners, safety products, and related maintenance materials to business customers across North America and international markets through a vast network of local branches and automated vending solutions.
Bottom Line
True North Advisors expanded its stake in Fastenal as the industrial distributor trades near the upper end of its 52-week range. Investors will look toward the company's next earnings release on January 19, 2027, for further insight into demand for its hardware and supply chain services.
Related Filing Alerts
Source: True North Advisors's 13F filing on $FAST (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts