Home Depot has dominated the American home maintenance market for more than four decades. To improve its position in the marketplace, it has purchased additional companies and services. You might be curious whether Home Depot owns Lowe’s, given that they both provide comparable goods and services. Here is what I learned after doing some investigation.
Does Home Depot Own Lowes?
As of September 2022, Home Depot, a direct rival of Lowe’s, does not control the latter. Lowe’s is publicly owned by Lowe’s Companies Inc., BlackRock and The Vanguard Group control a sizeable portion of its stock. Home Depot owns the Company Store, Compact Power Equipment, and other companies.
Continue reading to learn more about the key distinctions between Home Depot and Lowe’s, Home Depot’s businesses, and much more.
Current Ownership of Lowe’s
A publicly traded firm, Lowe’s is led by CEO Marvin R. Ellison and several other members of the Executive and Senior Leadership teams.
L.S. Lowe, the company’s original creator, opened a tiny hardware shop in North Carolina in 1921 as its initial location.
After the passing of his father, L.S. Lowe, in 1940—a mere 20 years later—Jim Lowe assumed ownership of the business.
Jim presented Carl Buchan, his brother-in-law, with a shared ownership offer of the business at about the same time.
Later, Buchan revised Lowe’s mission statement to emphasize home improvement tools.
After losing his part ownership with Jim and becoming the sole owner six years later, Carl decided to expand Lowe’s and transform the business into a nationwide chain.
The business went public in 1961, selling 400,000 shares for $12.25 each when it initially went public.
Who Owns Shares in Lowe’s?
Currently, these are Lowe’s top 5 shareholders:
- SSgA Funds Management Inc. has ownership of 4.44% of the investment
- Fidelity Management & Research Co owns 3.11% of the sharesThe Vanguard Group (7.96% Stake)
- BlackRock Fund Advisors (4.35% Stake)
- JPMorgan Investment Management (1.89%)
- Lowe’s Affiliates
- The affiliates of Lowe’s are listed below.
- The headquarters of Lowe’s home improvement retailers is in Canada.
- The main emphasis of LG Sourcing is tools and home improvement products, an import and export business.
- Orchard Supply Hardware is a retail establishment selling gardening and home renovation tools.
- Lowe’s Companies, ESOP
- Lowe’s Home Centres Inc.
- Maintenance Supply Headquarters
- LF Corporation focuses on all fashion clothing items.
- Sterling Advertising Ltd
- ATG Stores – An e-commerce store that supplies all home décor items.
- Concord communities – This is a housing developer and an investor as well.
- Lci Insurance Ltd
- Allied Trade Group, Inc.
- Lowe’s HIW Inc. – This company sells every home building item.
- Lowe’s Services India Private Limited
Companies Owned by Home Depot
Home Depot owns a number of businesses to represent its customer-focused business strategy, including the following firms with a reputation for providing top-notch customer service:
- HD Supply
- The Company Store
- Compact Power Equipment
- Redbeacon
- Interline Brands Inc
- com
These companies help Home Depot’s retail operations by boosting décor and home improvement products (such as home decor from The Company Store).
Additionally, they assist Home Depot in delivering extra services to customers who work for the business (such as rentals from Compact Power Equipment).
CEO Craig Menear, together with his executive and senior leadership team, are now in control of the publicly listed Home Depot.
The retail powerhouse was founded in 1978 by Bernie Marcus and Arthur Blank with the aid of bankers Ron Brill and Pat Farrah.
The firm stock went public in 1981 and was offered for sale on NASDAQ for $12 a share.
Home Depot launched its 100th location in Monrovia, California, in 1989, and by 1990, it had grown to become the biggest home improvement shop in the country.
Shareholders of Home Depot
The top 5 shareholders of Home Depot at the moment are:
- Fidelity Management & Research Co (1.68% Shares)
- SSgA Funds Management Inc (4.52% Investment)
- Capital Research & Management Co (3.67% Investment)
- BlackRock Fund Advisors (4.36% Investment)
- The Vanguard Group (8.30% Shares)
Competition from Home Depot excluding Lowe’s
Although Lowe’s is the primary rival of Home Depot, there are still other hardware and home improvement retailers fighting for consumers’ and experts’ business in the United States.
Given that it now has 182 locations, Home Depot has a number of rivals, including Canadian hardware retailers.
Some of Home Depot’s primary competitors are listed below:
- Hardware Store
- Menards
- Real Value
- Toys R Us
Conclusion
Home Depot and Lowe’s compete with one another in the retail construction and home maintenance market even though both companies are publicly held and totally autonomous.
However, both companies share some investors such as the Black Fund Advisors and The Vanguard Group.
Both businesses provide financing options to customers who want to purchase stock on the stock market.
