Home Depot has been dominating the home improvement sector in the U.S. for over 40 years now, acquiring other companies and services to further cement its position in the industry.
Since Lowe’s sells similar products and services to Home Depot, you may be wondering if Home Depot owns Lowe’s? I’ve done the research, and here is what I’ve found out!
Key Takeaways
Does Home Depot Own Lowe’s In 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 does own subsidiaries including Compact Power Equipment and The Company Store, among others.
If you want to know more about the big differences between Home Depot and Lowe’s, what companies Home Depot own, and much more, keep on reading!
Who Currently Owns Lowe’s?
Lowe’s is a publicly owned company run by its CEO Marvin R. Ellison and various Executive and Senior Leadership team members.
It originally began as a small hardware store in North Carolina in 1921, established by its first founder, L.S. Lowe.
In 1940, just 20 years later, Jim Lowe took over the ownership of the company after the death of his father, L.S. Lowe.
Around the same time, Jim offered joint ownership of the company to his brother-in-law, Carl Buchan.
Buchan subsequently reinvented the vision of Lowe’s, turning its focus onto 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 became publicly owned, with 400,000 shares being sold at $12.25 per share when it was first listed.
Later on, it was listed on the New York Stock Exchange in 1979, and on the London Stock Exchange in 1981.
Here are the current top 5 owners of Lowe’s:
- The Vanguard Group (7.96% 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%)
What Companies Does Home Depot Own?
Home Depot owns many companies to reflect its customer-focused approach to business, such as the following companies that have a track record of strong customer service:
- 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).
Additionally, they also help Home Depot provide extra services to professional business customers (such as rentals from Compact Power Equipment).
Who Currently Owns Home Depot?
Home Depot is currently a publicly owned company run by CEO Craig Menear and his team of Executive and Senior Leadership members.
The retail giant was founded by Bernie Marcus and Arthur Blank in 1978 with the aid of investors Ron Brill and Pat Farrah.
In 1981, the company stock went public on NASDAQ and sold its shares for $12 each.
By 1989, Home Depot opened its 100th store in Monrovia, California, and by the following year, Home Depot was known as the largest home improvement retailer in the U.S.
The current top 5 shareholders of Home Depot are:
- The Vanguard Group (8.30% Stake)
- SSgA Funds Management Inc (4.52% Stake)
- BlackRock Fund Advisors (4.36% Stake)
- Capital Research & Management Co (3.67% Stake)
- Fidelity Management & Research Co (1.68% Stake)
Who Are Home Depot’s Other Competitors?
Home Depot’s main competitor is Lowe’s, but that doesn’t mean there aren’t other hardware and home improvement stores vying for the attention of the American public and professionals.
Currently, Home Depot has a number of competitors including hardware stores in Canada, as it now has 182 stores there.
Here is a list of prominent competitors of Home Depot:
- Lowe’s
- Menards
- True Value
- Ace Hardware
- Home Hardware
If you want to know more about Home Depot, you can also read our related posts on Home Depot vs. Lowe’s, Home Depot vs. Menards, and Lowe’s vs. Home Depot paint.
Conclusion
Home Depot does not own Lowe’s, and instead, both are publicly owned and are entirely different companies that compete in the retail hardware and home improvement market.
Lowe’s is currently owned by renowned mutual investors of Home Depot including The Vanguard Group, SSgA Funds Management Inc, BlackRock Fund Advisors, and 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.