Eaton has retired 18.3% of its shares since 2013, from 475,300,000 to 388,400,000.
At $391.25 a share, a market value of $152.0B. FCF yield 2.6%, P/E 39.7, trailing twelve months to June 2026.
| Fiscal year | Date | Shares outstanding | Filing | |
|---|---|---|---|---|
| 2012 | 2013-01-31 | 471,100,000 | 10-K | |
| 2013 | 2014-01-31 | 475,300,000 | 10-K | |
| 2014 | 2015-01-31 | 467,900,000 | 10-K | |
| 2015 | 2016-01-31 | 458,900,000 | 10-K | |
| 2016 | 2017-01-31 | 449,700,000 | 10-K | |
| 2017 | 2018-01-31 | 440,200,000 | 10-K | |
| 2018 | 2019-01-31 | 423,600,000 | 10-K | |
| 2019 | 2020-01-31 | 413,400,000 | 10-K | |
| 2020 | 2021-01-31 | 398,100,000 | 10-K | |
| 2021 | 2022-01-31 | 398,800,000 | 10-K | |
| 2022 | 2023-01-31 | 398,000,000 | 10-K | |
| 2023 | 2024-01-31 | 399,500,000 | 10-K | |
| 2024 | 2025-01-31 | 392,000,000 | 10-K | |
| 2025 | 2026-01-31 | 387,900,000 | 10-K |
Source: all 10-K filings of Eaton on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.
The story
Every Monday we write about one of these companies.
Read the full storyCash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $391.25.
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Only enough to stand still. The share count is roughly flat over the last twelve months, at 388,400,000 as of June 30, 2026. Over five years the share count is down 2.6%.
Net of every new share it issued, Eaton has 86.9 million fewer shares than at its 2013 peak. That is 18.3% of the company.
388,400,000 shares, as of June 30, 2026, from the cover page of its latest 10-Q. At the 2013 peak it had 475,300,000.
Each share is a bigger slice of the company. Someone who held Eaton stock in 2013 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.
Eaton ranks No. 390 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Ingevity (18.4%), Ingredion (18.4%), Sensata Technologies Holding (18.2%), Sba Communications (17.9%).
Every answer is computed from Eaton's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.
From the latest 13F filings. All superinvestors.
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