ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (LPC), a leading global industrial developer of CleanTech laser cleaning systems and other material applications, has entered into a distribution agreement with the Fastenal Company (NASDAQ: FAST), the largest fastener distributor in North America and a leading distributor and provider of industrial technology and products. “This agreement will increase our customer base and expand our distributor network while equipping the industry-leading com ...

Fastenal (FAST) ended the recent trading session at $73.01, demonstrating a -0.75% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.52%. On the other hand, the Dow registered a gain of 0.12%, and the technology-centric Nasdaq increased by 0.9%.Heading into today, shares of the maker of industrial and construction fasteners had gained 7.81% over the past month, outpacing the Retail-Wholesale sector's gain of 0.38% and the S&P 500's gain of 3.85% i ...

In the latest market close, Fastenal (FAST) reached $72.18, with a +0.17% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.04%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.28%.Shares of the maker of industrial and construction fasteners have appreciated by 4.12% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 7.4% and the S&P 500's gain of 5.01%.The investment community will be closely monitoring the perf ...

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Fastenal (FAST) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fastenal is one of 218 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average ...

In the latest market close, Fastenal (FAST) reached $70.24, with a +0.13% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.37%, and the technology-dominated Nasdaq saw a decrease of 0.82%.Prior to today's trading, shares of the maker of industrial and construction fasteners had gained 3.27% over the past month. This has lagged the Retail-Wholesale sector's gain of 5.61% and the S&P 500's gain of 5.3% in that time.The inve ...

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Last year was a good year for dividend investors. Some 850 companies announced they were raising their payout with the average increase exceeding 12%. Studies have found stocks that initiated and then raised their payouts handily outperformed non-dividend paying companies. J.P. Morgan Asset Management discovered that over the 40 years between 1972 and 2012, dividend-raisers returned an average of 9.5% annually versus just 1.6% non-dividend-paying stocks. This has led to some very promising stocks.Yet it was ...

◦ Amounts may not foot due to rounding differences. 11 10 • Our 4Q23 operating margin was 20.1%, up from 19.6% in 4Q22. Operating expenses were 25.3% of net sales, from 25.7% in 4Q22 despite the low daily sales growth. 46.5% 45.3% 45.5% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 35% 40% 45% 50% Gross Profit Margin 19.6% 19.6% 20.1% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 16% 18% 20% 22% 24% Operating Income Margin 7 • 4Q23 gross margin was 45.5%, up from 45.3% in 4Q22. B ...

Fastenal Company (NASDAQ:FAST) Q4 2023 Results Conference Call January 18, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Dan Florness - President and Chief Executive Officer Holden Lewis - Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel David Manthey - Baird Chris Dankert - Loop Capital Markets Ken Newman - KeyBanc Capital Markets Nigel Coe - Wolfe Research Ryan Merkel - William Blair Operator Hello, and welcome to the ...