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Fastenal Co

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Fastenal Reports Solid Numbers to Close Out 2022 Amid Moderating Economic Activity

Wide-moat-rated Fastenal reported solid fourth-quarter results to end 2022. We’ve raised our fair value estimate to $46, up from $45 previously. We made slight adjustments to our near-term sales and margin forecasts and accounted for the time value of money since our last update.

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