How did these three US industrial stocks fare in January?

February 02, 2023 02:49 AM PST | By Team Kalkine Media
Follow us on Google News:


  • 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.

Source: ©2023 Krish Capital Pty. Ltd; © Canva Creative Studio via

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.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.