Eaton stake held by Craig Arnold nears $250 million

Key Points

• Eaton stock rally lifts Arnold’s holdings by $24 million in 26 days, ahead of his retirement as CEO on May 31, 2025.
• Shares climb to $325.81 after robust Q1 revenue of $6.4 billion and growth in Electrical and Aerospace divisions.
• Eaton stock remains down 1.83% year-to-date; a $100,000 investment would be worth $98,170 today.

Craig Arnold, one of America’s wealthiest Black executives, has seen the market value of his holdings in Eaton Corporation soar to nearly $250 million, driven by a strong rally in the company’s stock on the New York Stock Exchange (NYSE). 

Craig Arnold’s stake jumps $20 million ahead of retirement

Arnold, who served as chairman, president, and CEO of the power management company from June 2016 until his retirement on May 31, 2025, holds a 0.195-percent stake in Eaton, amounting to 765,791 shares. His continued investment underscores a lasting belief in the company’s strength and future.

In just 26 days, the market value of his stake has climbed by $24.08 million, pushing it close to the $250 million mark. That follows a $32.1 million jump in April, when his holdings rose from $188.78 million to $220.88 million — highlighting the solid run Eaton shares have had in recent months.

Eaton’s stock surges 10.68% amid strong Q1 results

Eaton, a global provider of energy-efficient solutions with operations in more than 175 countries, is delivering solid results under the leadership of Craig Arnold. In the first quarter, the company posted revenue of $6.4 billion, up 7.3 percent from $5.94 billion a year earlier, driven by steady gains in its Electrical and Aerospace divisions.

To build on that growth, Eaton is investing $18.5 million to expand its aerospace facility in Orchard Park, New York. The project is expected to create 77 skilled manufacturing jobs and help meet increasing demand in the defense and space industries.

Investors have taken notice. Over the past six weeks, Eaton’s stock has climbed more than 10 percent, rising from $294.37 at the end of April to $325.81 on the New York Stock Exchange. That lift has pushed the company’s market value close to $130 billion. Arnold’s personal stake has also gained ground, growing from $225.4 million to nearly $250 million in the same period.

Eaton shares still down in 2025 despite rally

Eaton shares have seen a recent boost, but they’re still down 1.83 percent. A $100,000 investment in the company at the start of 2025 would now be worth $98,170, reflecting a paper loss of $1,830.

Even so, the company is hopeful about the months ahead. It expects steady growth in its power management division as demand continues to rise for energy-efficient and digital solutions. That outlook could offer a solid payoff for CEO Craig Arnold and other shareholders over time.