Fastenal Stock Pulls Back in October—Is It Time to Buy FAST?

Fastenal TodayFASTFastenal$42.33 -3.45 (-7.54%) 52-Week Range$35.31▼$50.63Dividend Yield2.08%P/E Ratio40.70Price Target$47.05Add to WatchlistFastenal Company NASDAQ: FAST stock is pulling back in October, and the Q3 results aren’t helping with support. However, the problem isn’t with growth, profitability, or capital returns so much as valuation and analysts' sentiment, which are likely to be passing issues. With shares trading at 42x this year’s earnings and recent results falling short of consensus, ther ...