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Fastenal February Sales +13.3% to $710M → CEO Transition July 2026, Bank of America Buy

Fastenal reported February 2026 net sales up 13.3% to $710.56 million, following full-year 2025 sales of $8.2 billion (+8.7%) with net income of $1.26 billion. Bank of America maintained a Buy rating on March 5, while Barclays raised its price target to $44 with Equal Weight. CEO Daniel Florness will step down in July 2026 with Jeffery Watts designated as successor.