Emerson Electric (NYSE:EMR) 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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Chuck Saletta owns shares of Emerson Electric. The Motley Fool recommends Emerson Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.