Fastenal stock price forecast incorporates recent company guidance

Fastenal stock price forecast incorporates recent company guidance, which anticipates mid-single-digit revenue growth through 2024, aligning with analyst consensus for gradual share price appreciation. As a next step, we compared Fastenal's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 23% in the same period. The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, July 29th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.03%. Fastenal's dividend payout ratio is presently 88.00%. Fastenal stock price forecast models point to bullish RSI readings around 58, suggesting room for upside while avoiding overbought territory. Earnings upgrades could trigger a breakout above $