** Shares of industrial supplies distributor Fastenal FAST.O up 2.2% to $81.93 on Thurs after announcing its board approved two-for-one stock split
** Winona, Minnesota-based firm late Weds said holders of record as of May 5 close to receive one additional share for every share owned
** FAST to being trading on split-adjusted basis on or about May 22
** With ~573.6 mln shares outstanding, co has ~$47 bln market cap
** Earlier this month, co reported Q1 rev and profit in-line with consensus as higher-value contracts for its fasteners and other industrial supplies helped mitigate weaker demand from manufacturing and construction sectors
** With move on the session, stock up ~14% YTD. That compares to about 3% declines both S&P 500 Capital Goods index .SPLRCIC and S&P 500 Industrials sector .SPLRCI
** Of 16 analysts covering FAST, recommendation breakdown is 3 "strong buy", 11 "hold" and 2 "sell"; median PT is $77 - LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。