5 Biggest Hardware Companies in the World

2. Lowe’s Companies, Inc. (NYSE:LOW)

Market Capitalization as of December 18, 2022: $123 billion

The Lowe’s Companies, Inc. (NYSE:LOW) is a retailer that sells construction and home improvement products. The firm is one of the largest hardware chain store brands in the world, standing alongside giants such as Home Depot. The scale of its operations can be recognized from the fact that Lowe’s Companies, Inc. (NYSE:LOW) processes more than 19 million transactions per week and has more than 300,000 associates in both the U.S. and Canada. Some products that are available in its stores are home improvement products, gardening equipment, and tools.

By the end of this year’s third quarter, 61 of the 920 hedge funds polled by Insider Monkey had invested in Lowe’s Companies, Inc. (NYSE:LOW).

Out of these, Bill Ackman’s Pershing Square is Lowe’s Companies, Inc. (NYSE:LOW)’s largest shareholder. It owns 10 million shares that are worth $1.9 billion.