Emerson Electric (EMR 0.01%) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons he's holding on to Emerson Electric's stock despite the company's substantial gain since he bought it early this year.
In summary:
- Emerson Electric's market price is close enough to Chuck's fair value estimate to continue holding.
- Emerson Electric's balance sheet is solid, with only a 0.5 debt-to-equity ratio.
- Emerson Electric's dividend is well covered and was recently increased.
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