Eaton CEO Craig Arnold sells $33.4 million in shares

CLEVELAND—Craig Arnold, CEO of Eaton Corporation (NYSE:ETN), recently executed a series of stock transactions involving the company’s ordinary shares. On May 12, Arnold sold a total of 103,486 shares in three separate transactions. The sale prices ranged from $322.12 to $323.74 per share, resulting in a total transaction value of approximately $33.4 million. The transactions come as Eaton’s stock trades near its 52-week high, with InvestingPro data showing the stock currently trading at elevated multiples, including a P/E ratio of 33.5x.

Additionally, Arnold acquired 104,250 shares through the exercise of stock options at a price of $130.86 per share. These transactions have left Arnold with a direct ownership of 490,208 ordinary shares following the sales. The company, currently valued at nearly $130 billion, has demonstrated strong performance with a 11% return over the past week.

Arnold, who serves as both a director and officer, continues to hold shares indirectly through the Eaton Savings Plan. According to InvestingPro, Eaton maintains a "GOOD" overall financial health score and has maintained dividend payments for 55 consecutive years. For deeper insights into Eaton’s valuation and performance metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Eaton Corporation reported record first-quarter earnings, exceeding analyst expectations and raising its full-year outlook. The company achieved adjusted earnings per share of $2.72, surpassing the consensus estimate of $2.70, with revenue climbing 7% to a record $6.38 billion, above the anticipated $6.26 billion. Eaton’s strong performance was driven by a 9% increase in organic sales growth and a segment margin expansion to 23.9%. The company has revised its full-year 2025 adjusted EPS forecast to a range of $11.80 to $12.20, reflecting an 11% increase at the midpoint compared to 2024. In a separate development, Eaton announced an $18.5 million expansion of its Orchard Park, New York, facility, aimed at meeting the growing demand for aerospace mission systems solutions. This investment will add 50,000 square feet to the site and create 77 skilled manufacturing jobs, enhancing the facility’s production capacity. Eaton’s Aerospace segment also reported a 12% increase in sales to $979 million, with a 16% increase in backlog year-over-year. These developments underscore Eaton’s ongoing commitment to supporting its customers and contributing to the local economy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.