Top S&P 500 industrial stocks to explore: DE, RTX, LMT, WM & RSG

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Top S&P 500 industrial stocks to explore: DE, RTX, LMT, WM & RSG

US Industrial stocks
Image source: © Orientaly | Megapixl.com
Highlights:
  • Deere & Company (NYSE: DE) expects its attributable net income to be between US$6.7 billion and US$7.1 billion in fiscal 2022.
  • Raytheon Technologies Corporation (NYSE: RTX) expects its sales to be between US$67.75 billion and US$68.75 billion in fiscal 2022.
  • Republic Services, Inc. (NYSE: RSG) revenue increased by 14% YoY in Q1, FY22.

The industrial sector also called the secondary sector, consists of the companies that engage in the production of machinery, equipment, and supplies, used in various operations like construction, manufacturing, and other related services.

The sector generally moves in tandem with the economy. It flourishes during economic growth or may decline during recessions. However, each sub-sector of the industrial sector tends to perform differently.

Meanwhile, investors are keeping a close watch on this sector these days, amid growing concerns of a slowdown in global economic growth. The elevated inflation and Fed's anticipated stance to tackle that, following interest rate hikes for the second time this month, has weighed on the market sentiments.

Moreover, the pandemic-led lockdown in China due to the rising Covid-19 cases has also raised supply-chain concerns among the investors.

Here, we discuss some of the top S&P 500 industrial stocks, that are likely to maintain a steady momentum in the coming months:

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Deere & Company (NYSE: DE)

Deere & Company is a manufacturing company that specializes in manufacturing agricultural machinery, heavy equipment, forestry machinery, diesel engines, and other related products. It is based in Moline, Illinois.

The shares of the company traded at US$383.75 at 1:42 pm ET on May 17, up 2.48% from their closing price of May 16. Its stock value increased by 6.95% YTD.

The firm has a market cap of US$117.92 billion, a P/E ratio of 21.31, and a forward one-year P/E ratio of 16.50. Its EPS is US$18.04.

The 52-week highest and lowest stock prices were US$446.76 and US$320.50, respectively. Its trading volume was 1,896,365 on May 16.

The company's net sales and revenue surged 5% YoY to US$9.56 billion in Q1, FY22. Its net income came in at US$903 million, or US$2.92 per diluted share, as compared to US$1.22 billion, or US$3.87 per diluted share in Q1, FY21.

The company expects its attributable net income to be between US$6.7 billion and US$7.1 billion in fiscal 2022.

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Top S&P 500 industrial stocks to exploreSource: Pixabay

Raytheon Technologies Corporation (NYSE: RTX)

Raytheon Technologies is an aerospace and defense manufacturing firm that also provides intelligence services to its clients. The company is based in Waltham, Massachusetts.

The stock of the company traded at US$94.84 at 2:04 pm ET on May 17, up 2.55% from its previous closing price. The RTX stock rose 6.34% YTD.

The market cap of the company is US$141.12 billion, the P/E ratio is 34.01, and the forward one-year P/E ratio is 19.39. Its EPS is US$2.79.

The stock saw the highest price of US$106.02 and the lowest price of US$79.00 in the last 52 weeks. Its share volume on May 16 was 5,158,506.

The company's sales surged 3% YoY to US$15.7 billion in Q1, FY22. Its net income came in at US$1.10 billion, or US$0.74 per diluted share, against an income of US$772 million, or US$0.51 per diluted share in Q1, FY21.

The company expects its sales to be between US$67.75 billion and US$68.75 billion in fiscal 2022.

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Lockheed Martin Corporation (NYSE: LMT)

Lockheed Martin is a defense company that focuses on various operations like aerospace, arms, defense, information security, and other related services. It is based in Bethesda, Maryland.

The shares of the company traded at US$439.34 at 2:36 pm ET on May 17, up 0.41% from their closing price of May 16. Its stock value soared 23.48% YTD.

The firm has a market cap of US$116.95 billion, a P/E ratio of 19.41, and a forward one-year P/E ratio of 16.30. Its EPS is US$22.64.

The 52-week highest and lowest stock prices were US$479.99 and US$324.23, respectively. Its trading volume was 1,004,671 on May 16.

The company reported net sales of US$15.0 billion in the first quarter of fiscal 2022, as compared to US$16.3 billion in the year-ago quarter. Its net earnings came in at US$1.7 billion, or US$6.44 per diluted share, against an income of US$1.8 billion, or US$6.56 per diluted share in Q1, FY21.

The company expects its net sales to be around US$66 billion in fiscal 2022.

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Waste Management, Inc. (NYSE: WM)

Waste Management Inc. is a waste management and environment services firm based in Houston, Texas.

The stock of the company traded at US$156.29 at 2:40 pm ET on May 17, down 0.72% from its previous closing price. The WM stock declined 3.26% YTD.

The market cap of the company is US$64.80 billion, the P/E ratio is 34.38, and the forward one-year P/E ratio is 28.37. Its EPS is US$4.54.

The stock saw the highest price of US$170.18 and the lowest price of US$136.97 in the last 52 weeks. Its share volume on May 16 was 1,810,167.

The company reported operating revenue of US$4.66 billion in Q1, FY22, as compared to US$4.11 billion in the same quarter of the previous year. Its attributable net income came in at US$513 million, or US$1.23 per diluted share, versus an income of US$421 million, or US$0.99 per diluted share in Q1, FY21.

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Top S&P 500 industrial stocks: DE, RTX, LMT, WM, RSG,

Republic Services, Inc. (NYSE: RSG)

Republic Services is a waste disposal company that engages in various operations like the collection of non-hazardous solid waste, waste transfer, recycling, and other related services. It is based in Phoenix, Arizona.

The shares of the company traded at US$131.655 at 2:45 pm ET on May 17, up 0.64% from their closing price of May 16. Its stock value fell 3.39% YTD.

The firm has a market cap of US$41.49 billion, a P/E ratio of 31.12, and a forward one-year P/E ratio of 28.13. Its EPS is US$4.22.

The 52-week highest and lowest stock prices were US$145.98 and US$106.46, respectively. Its trading volume was 967,579 on May 16.

The company reported a revenue of US$2.96 billion in Q1, FY22, representing an increase of 14% YoY. Its net income came in at US$351.9 million, or US$1.11 per diluted share, as compared to US$296.4 million, or US$0.93 per diluted share in Q1, FY21.

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Bottom line:

The industrial sector was no exception amid the overall market downturn this year so far. The S&P 500 industrial sector slumped 12.29% YTD while decreasing 11.28% over the past 12 months. On the other hand, the overall S&P 500 index declined 15.91% YTD.

Investors should focus on the recent market uncertainties and closely evaluate the companies before spending on particular stocks.

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