Lowe's Companies, Inc. (NYSE:LOW) Is Largely Controlled by Institutional Shareholders Who Own 77% of the Company
Lowe's Companies, Inc. (NYSE:LOW) Is Largely Controlled by Institutional Shareholders Who Own 77% of the Company
Every investor in Lowe's Companies, Inc. (NYSE:LOW) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 77% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Lowe‘s Companies，Inc.(纽约证券交易所代码：LOW)的每一位投资者都应该知道最强大的股东群体。持有该公司股份最多的集团，准确地说约为77%，是机构。换句话说，该集团将从他们对公司的投资中获得最大(或损失最大)。
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
由于机构所有者拥有巨大的资源和流动性，他们的投资决策往往具有很大的份量，特别是对个人投资者来说。因此，大量的机构资金投资于一家公司通常被视为一种积极的属性。
In the chart below, we zoom in on the different ownership groups of Lowe's Companies.
在下面的图表中，我们放大了洛威公司的不同所有权集团。
View our latest analysis for Lowe's Companies
查看我们对洛威公司的最新分析
What Does The Institutional Ownership Tell Us About Lowe's Companies?
关于洛威的公司，机构所有权告诉了我们什么？
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
机构通常在向自己的投资者报告时，以基准来衡量自己，因此一旦一只股票被纳入主要指数，它们往往会对这只股票变得更加热情。我们预计，大多数公司都会有一些机构登记在册，特别是在它们正在增长的情况下。
Lowe's Companies already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Lowe's Companies, (below). Of course, keep in mind that there are other factors to consider, too.
洛威的公司已经在股票登记处登记了机构。事实上，他们在该公司拥有可观的股份。这意味着为这些机构工作的分析师已经看过了这只股票，他们喜欢它。但就像其他人一样，他们也可能错了。如果两个大型机构投资者试图同时抛售一只股票，股价大幅下跌的情况并不少见。因此，查看洛威公司过去的盈利轨迹是值得的(见下图)。当然，请记住，还有其他因素需要考虑。
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Lowe's Companies. The Vanguard Group, Inc. is currently the company's largest shareholder with 9.1% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.4% and 4.5% of the stock.
机构投资者拥有公司50%以上的股份，因此加在一起可能会强烈影响董事会的决定。对冲基金在洛威的公司中持有的股份并不多。先锋集团(The Vanguard Group，Inc.)目前是该公司的最大股东，持有9.1%的流通股。相比之下，第二大和第三大股东分别持有约7.4%和4.5%的股份。
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
我们的研究表明，前25名股东总共控制着公司不到一半的股份，这意味着公司的股票被广泛传播，没有占主导地位的股东。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
虽然研究一家公司的机构所有权数据是有意义的，但研究分析师的情绪以了解风向也是有意义的。有相当数量的分析师追踪该股，因此了解他们对未来的总体看法可能是有用的。
Insider Ownership Of Lowe's Companies
Lowe‘s公司的内部人所有权
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
尽管对内部人的准确定义可能是主观的，但几乎每个人都认为董事会成员是内部人。管理层最终要向董事会负责。然而，经理人担任执行董事会成员并不少见，尤其是如果他们是创始人或首席执行官的话。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
内部人持股是积极的，当它标志着领导层像公司的真正所有者一样思考时。然而，高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下，这可能是负面的。
Our data suggests that insiders own under 1% of Lowe's Companies, Inc. in their own names. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$87m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.
我们的数据显示，内部人士以个人名义持有Lowe‘s Companies，Inc.不到1%的股份。由于规模如此之大，我们不会指望内部人士会持有很大比例的股票。他们总共拥有8700万美元的股票。在这种情况下，看看这些内部人士一直在买入还是卖出，可能会更有趣。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 23% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
包括散户投资者在内的普通公众持有该公司23%的股份，因此不能轻易忽视。尽管这种规模的所有权可能不足以影响有利于他们的政策决定，但他们仍然可以对公司政策产生集体影响。
Next Steps:
接下来的步骤：
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Lowe's Companies (at least 1 which can't be ignored) , and understanding them should be part of your investment process.
虽然考虑拥有一家公司的不同集团是很值得的，但还有其他更重要的因素。例如，考虑一下无处不在的投资风险幽灵。我们已经确定了三个警告信号Lowe的公司(至少有一家不能被忽视)，了解它们应该是你投资过程的一部分。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你更愿意了解分析师对未来增长的预测，请不要错过这一预期免费关于分析师预测的报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注：本文中的数字是使用过去12个月的数据计算的，指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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本文由Simply Wall St.撰写，具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论，我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议，也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意，我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。