Fastenal reports better-than-expected Q3 earnings, sees rise in institutional ownership.

Fastenal, an industrial supplies company, saw increased institutional ownership in the third quarter, with holdings like Tokio Marine and Nicollet Investment Management boosting their stakes. Despite some sales by Apollon Wealth Management, Fastenal reported better-than-expected Q3 earnings of $0.52 per share, exceeding forecasts. The company announced a quarterly dividend of $0.39, payable November 22nd. Fastenal's institutional investors now own 81.38% of the company's stock.

November 16, 2024
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