Saudi Central Bank Raises Position in Lowe's Companies, Inc. $LOW

The Saudi Central Bank significantly increased its stake in Lowe's Companies, Inc. by 89.4% in the second quarter, bringing its total holdings to 39,205 shares valued at $8.6 million. This comes as Lowe's reported strong quarterly EPS of $4.40, surpassing analyst estimates, though revenue slightly missed expectations. Despite insider selling, analysts maintain a "Moderate Buy" rating for Lowe's, which also declared a $1.25 quarterly dividend.