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Jul 25, 2023

Fastenal ($FAST) Set to Pay Dividends on August 24, 2023: A Technical Analysis

Fastenal Company (NASDAQ: FAST), a leading industrial supply company, has announced its intention to pay out dividends in the coming months. The company is renowned for its consistency in distributing dividends to shareholders, and the upcoming disbursement will not deviate from this trend. This article provides a detailed analysis of the upcoming dividend, its context, and what it means for investors.

On May 25, 2023, Fastenal paid its most recent dividend of $0.35 per share. The company has maintained this figure for its next dividend, set to be paid on August 24, 2023. The upcoming dividend has a record date of the same day and an ex-dividend date of July 26, 2023.

The ex-dividend date is a crucial concept in dividend payments. It is the cutoff point to decide who is eligible to receive a company's dividend. If a stock is purchased on its ex-dividend date or after, the buyer does not receive the upcoming dividend payment. Instead, the dividend is given to the seller. In Fastenal's case, anyone who purchases FAST shares on July 26, 2023, or later will not be eligible for the August 24 dividend.

Therefore, investors seeking to receive the next dividend from Fastenal should ensure they own FAST shares before July 26, 2023. Buying shares after the ex-dividend date means missing out on the dividend payment, as the dividends are technically repossessed by the seller.

Fastenal's stable dividend payout is a positive sign for investors, indicating the company's financial health and a robust cash flow. A company's ability to regularly pay dividends demonstrates the sustainability of its business model and its commitment to returning capital to shareholders. Fastenal's decision to maintain its dividend at $0.35 per share reinforces this position.

Moreover, Fastenal's dividends can offer investors a steady income, making it an attractive choice for income-focused investors. Such payments are particularly beneficial in periods of market volatility, as they provide a consistent return while the value of the shares may fluctuate.

Fastenal's forthcoming dividend payment, coupled with its solid track record of regular payouts, positions the company as a compelling option for investors seeking reliable returns. Potential investors interested in receiving this dividend should note the ex-dividend date of July 26, 2023, and make their purchase decisions accordingly.

Related Ticker: FAST

FAST's RSI Indicator ascending out of oversold territory

The RSI Indicator for FAST moved out of oversold territory on September 22, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Momentum Indicator moved above the 0 level on September 25, 2023. You may want to consider a long position or call options on FAST as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FAST advanced for three days, in of 336 cases, the price rose further within the following month. The odds of a continued upward trend are .

FAST may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for FAST turned negative on September 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

FAST moved below its 50-day moving average on September 01, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for FAST crossed bearishly below the 50-day moving average on August 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FAST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FAST’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: FAST's P/B Ratio (9.259) is very high in comparison to the industry average of (3.708). P/E Ratio (27.933) is within average values for comparable stocks, (22.545). Projected Growth (PEG Ratio) (2.977) is also within normal values, averaging (3.545). Dividend Yield (0.025) settles around the average of (0.027) among similar stocks. FAST's P/S Ratio (4.338) is very high in comparison to the industry average of (1.351).

Notable companies

The most notable companies in this group are Fastenal Company (NASDAQ:FAST).

Industry description

Companies in this industry handle the wholesale shipments for the manufacturer of a product. They have warehouses and distribution centers, and they ship products directly to the retailer. Digitization, increasing competition, emerging customer demand, and product innovation are some of shifts that the industry has been facing in recent times – something that is potentially creating needs/opportunities for business model revisions or transformations. Data, analytics, and technology are becoming increasingly important for whole distributors in anticipating and analyzing consumer needs, and therefore planning their business strategies accordingly. Fastenal Company, W.W. Grainger, Inc., Genuine Parts Company and Pool Corporation are some of the largest names in the business.

Market Cap

The average market capitalization across the Wholesale Distributors Industry is 6.19B. The market cap for tickers in the group ranges from 70.2K to 34.5B. GWW holds the highest valuation in this group at 34.5B. The lowest valued company is SCOO at 70.2K.

High and low price notable news

The average weekly price growth across all stocks in the Wholesale Distributors Industry was -1%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 4%. MJHI experienced the highest price growth at 50%, while HPURF experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Wholesale Distributors Industry was -25%. For the same stocks of the Industry, the average monthly volume growth was 31% and the average quarterly volume growth was -4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 55
Price Growth Rating: 54
SMR Rating: 51
Profit Risk Rating: 59
Seasonality Score: -12 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operator of industrial hardware supply stores

Industry WholesaleDistributors

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
2001 Theurer Boulevard
Phone
+1 507 454-5374
Employees
22386
Web
https://www.fastenal.com
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FAST and

Correlation & Price change

A.I.dvisor indicates that over the last year, FAST has been closely correlated with GWW. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if FAST jumps, then GWW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAST
1D Price
Change %
FAST100%
-0.60%
GWW - FAST
81%
Closely correlated
-0.63%
MSM - FAST
73%
Closely correlated
-0.09%
WSO - FAST
67%
Closely correlated
-1.19%
FERG - FAST
63%
Loosely correlated
+4.73%
POOL - FAST
60%
Loosely correlated
-2.49%
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