Confluence Investment Management LLC Sells 121,848 Shares of Fastenal Company $FAST

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Confluence Investment Management LLC reduced its stake in Fastenal Company by 3.8% in Q4, selling 121,848 shares but still owning over 3 million shares, valued at approximately $124.1 million. Fastenal (NASDAQ:FAST) recently reported Q4 earnings per share of $0.26, matching estimates, and declared an increased quarterly dividend of $0.24, yielding around 2.2%. The stock currently holds a consensus “Hold” rating from analysts with an average target price of $48.83.

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