From MarketBeat:

New York State Teachers Retirement System sold 34,619 shares of Fastenal, worth $30,589,000. Other institutions have also modified their holdings in the company.

Fastenal stock performance shows a 52-week low of $45.70 and a high of $65.66. The company also beat its earnings estimate for the last quarter.

Fastenal increased its dividend to $0.38 per share, representing a $1.52 annualized dividend and a 2.45% yield. The company’s payout ratio is 70.35%.

Insider transactions at Fastenal saw the sale of 11,000 shares at an average price of $63.47. Corporate insiders currently own 0.45% of the stock.

Fastenal was rated a “hold” by analysts, with a consensus price target of $57.71.

Fastenal sells industrial and construction supplies. The company offers threaded fasteners, bolts, nuts, and other products.

Prior to investing in Fastenal, check holdings and insider trades on HoldingsChannel.com for the latest 13F filings.

Fastenal was not deemed a top pick for investment by top-rated analysts. Check out MarketBeat for five better buys.

Get the latest data on CEO, COO, and CFO stock sales by reading this free report.



Read more: Fastenal (NASDAQ:FAST) Shares Sold by New York State Teachers Retirement System