How did these three US industrial stocks fare in January?

Highlights

• Raytheon Technologies reported sales of US$ 18.1 billion in Q4 2022.
• Deere & Company paid a quarterly dividend of US$ 1.20 per share.
• Union Pacific achieved Q4 2022 operating revenue of US$ 6.2 billion.

Industrial stocks are companies that have been in existence for a long time and form the crux of the US stock market. The industrial sector lends valuable contributions to the US economy. So, how has this sector performed in 2022, a year marked by volatility?

We analyze three US industrial stocks and look at how they tackled the volatility in the market in their recent quarters:

Raytheon Technologies Corporation (NYSE: RTX)

Raytheon Technologies Corporation is a US MNC aerospace & defense conglomerate headquartered in Arlington, Virginia.

With a dividend yield of 2.209 per cent, Raytheon paid a quarterly dividend of US$ 0.55 per share.

In the fourth quarter of 2022, the company reported sales of US$ 18.1 billion. Its operating cash flow from continuing operations came to US$ 4.6 billion and registered a free cash flow of US$ 3.8 billion in the reported quarter. Raytheon also repurchased its shares worth US$ 408 million in Q4 2022.

Raytheon’s Q4 2022 net income was US$ 1,422 million compared to US$ 685 million in the year-ago quarter, which is a jump of 108 per cent. The RTX stock had declined 1.4 per cent in a month as of writing.

Deere & Company (NYSE: DE) 

Deere & Company, which does business as John Deere, is a US company manufacturing agricultural machinery and heavy equipment.

The company paid a quarterly dividend of US$ 1.20 per share and has a dividend yield of 1.148 per cent. It reported a Q4 2022 net income of US$ 2,246 million compared to US$ 1,283 million in the year-ago quarter.

The net sales and revenue of the company were US$ 15,536 million in Q4 2022 versus US$ 11,327 million in Q4 2021. The DE stock grew 0.98 per cent in the last 30 days at the time of writing.

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Union Pacific Corporation (NYSE: UNP)  

Union Pacific deals in goods families and businesses use every day that are safe, reliable, and efficient.

The operating revenue of Union Pacific in Q4 2022 was US$ 6.2 billion, up eight per cent, propelled by higher fuel surcharge revenue. The full year 2022 operating income grew by six per cent for Union Pacific.

It posted a net income for the full-year 2022 of US$ 7.0 billion or US$ 11.21 per diluted share.

The total operating revenue of Union Pacific in Q4 2022 was US$ 6,180 million compared to US$ 5,733 million in Q4 2022. The UNP stock surged by 1.8 per cent in a month. 

Bottom line

Do thorough market research before putting your bets on any stocks when the market is volatile. It will protect your portfolio in a bearish market.