BlackRock Updates Passive Stake in Lowe's (LOW) via 13G/A Filing

TL;DR

**BlackRock just updated its passive stake in Lowe's, confirming its continued investment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of Lowe's Companies Inc. common stock as of December 31, 2023. This filing, an Amendment No. 11, updates previous disclosures about BlackRock's passive investment in Lowe's. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or investment strategy for a company like Lowe's.

Why It Matters

This filing shows BlackRock's continued significant, albeit passive, investment in Lowe's, which can reassure investors about institutional confidence in the company.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.

Analyst Insight

Investors should note BlackRock's continued passive interest as a sign of institutional stability, but this filing alone doesn't suggest any immediate buy/sell action.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• LOWES COMPANIES INC (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the filing date of the SC 13G/A
• Amendment No: 11 (number) — the specific amendment number of this filing

Forward-Looking Statements

• BlackRock will maintain a significant, passive stake in Lowe's for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-004882.txt : 20240126 0001086364-24-004882.hdr.sgml : 20240126 20240126172651 ACCESSION NUMBER: 0001086364-24-004882 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LOWES COMPANIES INC CENTRAL INDEX KEY: 0000060667 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 560578072 STATE OF INCORPORATION: NC FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17892 FILM NUMBER: 24569236 BUSINESS ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 BUSINESS PHONE: 704-758-1000 MAIL ADDRESS: STREET 1: 1000 LOWES BLVD. CITY: MOORESVILLE STATE: NC ZIP: 28117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us5486611073_012624.txt us5486611073_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) LOWES COMPANIES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 548661107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 548661107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 35533173 (6) Shared voting power 0 (7) Sole dispositive power 39882058 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 39882058 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- LOWES COMPANIES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1000 LOWE'S BLVD MOORESVILLE NC 28117 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -----------------