Does Home Depot Own Lowe’S In 2022? (Not What You Think)

Home Depot, which has been a dominant player in the U.S. home improvements sector for over forty years now is acquiring companies and other services to cement its place in the market.

  • Lowe’s has similar products and services as Home Depot. You might wonder if Home Depot actually owns Lowe’s. Let me tell you, I did the research.
  • Does Home Depot Own Lowe's In 2022? (Not What You Think)

    Home Depot To Own Lowe’s 2022

    Home Depot does not own Lowe’s as of 2022 and instead is its direct competitor. Lowe’s is publicly owned under Lowe’s Companies Inc, with investment corporations like The Vanguard Group and BlackRock holding major shares. Home Depot owns several subsidiaries such as Compact Power Equipment or The Company Store.

  • Keep reading to find out more about Lowe’s and Home Depot’s major differences. Also, learn what Home Depot’s companies own.
  • Lowe’s currently owned by who?

    Lowe’s Inc. is an openly owned corporation led by Marvin R. Ellison, its CEO and other Senior Leadership members.

    In 1921, it was a hardware store located in North Carolina. Its founder L.S. Lowe founded the business. Lowe.

    Jim Lowe became the sole owner of the company 20 years after L.S. Lowe’s passing. Lowe.

    Jim also offered to share ownership in the company with his brother-in law, Carl Buchan.

    Buchan then reinvented Lowe’s’ vision and turned its attention to home improvement tools.

    Six years after that, Carl decided to extend Lowe’s and reform the company into a national chain after ending his joint-ownership with Jim and becoming the sole owner.

    In 1961, the company went public. It was listed at $12.25 per share and sold 400,000 shares.

    Later, it was listed on New York Stock Exchange 1979 and London Stock Exchange 1981.

    Does Home Depot Own Lowe's In 2022? (Not What You Think)

    What Are the Shareholders of Lowe’s

    Here are the current top 5 owners of Lowe’s:

  • Vanguard Group (7.36% Stake)
  • SSgA Funds Management Inc (4.44% Stake)
  • BlackRock Fund Advisors (4.35% Stake)
  • Fidelity Management & Research Co – 3.11% Stake
  • JPMorgan Investment Management (1.89%)
  • Home Depot has what other companies do they own?

    Home Depot holds many companies so that it can reflect its customer-focused philosophy to business.

  • Compact Power Equipment
  • The Company Store
  • Interline Brands Inc
  • com
  • Redbeacon
  • HD Supply
  • These companies help Home Depot in-store by expanding certain aspects and products related to home improvement (such as home decor from The Company Store).

    Home Depot can also offer professional businesses additional services such as renting Compact Power Equipment.

    Does Home Depot Own Lowe's In 2022? (Not What You Think)

    Home Depot Current Owners

    Home Depot, currently an publicly-owned company, is managed by Craig Menear (CEO) and his senior leadership team.

    With the help of Ron Brill, Pat Farrah and others, Bernie Marcus and Arthur Blank founded this retail powerhouse in 1978.

    In 1981, company stock became public at NASDAQ. It was then sold to investors for $12.

    Home Depot, the nation’s largest retailer of home improvements, opened its 100th location in Monrovia, California.

    Home Depot’s Shareholders Who?

    Home Depot’s top five shareholders are currently:

  • Vanguard Group (8.03% Stake)
  • SSgA Funds Management Inc (4.52% Stake)
  • BlackRock Fund Advisors (4.36% Share)
  • Capital Research & Management Co (3.67% Stake)
  • Fidelity Management & Research Co – 1.688% Stake
  • Does Home Depot Own Lowe's In 2022? (Not What You Think)

    Who Are Home Depot’s Other Competitors?

    Lowe’s Home Depot’s principal competitor is Home Depot, but there are other hardware and improvement stores that compete for American professionals’ attention.

    Home Depot currently has 182 Canadian stores.

    Here is a list of prominent competitors of Home Depot:

  • Lowe’s
  • Menards
  • The True Value
  • Ace Hardware
  • Home Hardware
  • Home Depot has many other related topics. These include Home Depot and Lowe’s.

  • Conclusion
  • Lowe’s is not owned by Home Depot. Instead, they are both publicly-owned companies which compete in the home improvement and retail hardware markets.

    Lowe’s is owned currently by renowned Mutual Investors of Home Depot, including The Vanguard Group. SSgA Funds Management Inc. BlackRock Fund Advisors. Fidelity Management & Research Co.

    Both companies have stock available to purchase on the stock market, with finance plans available for those who wish to buy stock in the companies.

    Lowes currently owned by who?

    Marvin Ellison serves as chairman, president, chief executive officer and President of Lowe’s Companies Inc. (a FORTUNE(r),50 home improvement firm with more than 2200 stores and over 300,000 associates throughout the United States, Canada).

    Does China Own Lowes?

    Lowes exports 90 percent of their merchandise to China. Lowes also has an extensive vendor base. Lowes is really a collective of thousands vendors who source material and labor from China.

    Walmart Does Walmart Have Lowes Or Home Depot

    Walmart does not own Lowes as of 2022. Lowes Inc. does not hold a majority share in Lowes Inc. and it is listed on the stock exchange. Walmart owns several discount brands and chains in the US.

    Which Stock Holds the Most Lowes Stocks?

    Vanguard Group, Inc.

    .Does Home Depot Own Lowe’S In 2022? (Not What You Think)

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