5 Boring Stocks That Pay Dividends

2. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 68

Retail giant Lowe’s Companies, Inc. (NYSE:LOW) is one of the ideal boring stocks to have in your portfolio during volatile economic times. Recently, BofA screened for what it called “sleep at night” stocks for investors who are looking for safety during these troubled times. Lowe’s Companies, Inc. (NYSE:LOW) made it to BofA’s high-quality defensive group of stocks.

As of the end of the last quarter of 2022, 52 hedge funds tracked by Insider Monkey had stakes in Lowe’s Companies, Inc. (NYSE:LOW). The biggest hedge fund stakeholder of Lowe’s Companies, Inc. (NYSE:LOW) was Pershing Square of Bill Ackman which had a stake of over $2 billion in the company.