Tuesday, September 25, 2012

Emerson's pullback

Emerson Electric (EMR) has been on a bit of a pullback for the last month or so and has just recently started trading less than $50 which means its starting to get to the fairly undervalued range. I'm hoping for a further pullback to the $45's to give a 3.50% YOC.  The other great thing is that Emerson is due for a dividend increase soon which will push the YOC up even further.  You can check out my analysis on Emerson here.

6 comments:

  1. I haven't been watching EMR lately, but I might take a closer look at it now. Thanks for drawing my attention to this pullback.

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  2. No problem. I actually hadn't been paying close attention to it either but they should have a dividend increase coming soon so I checked and noticed the pullback. If it gets back down to around $45 I'll pick up some more shares. Glad to help you out.

    Thanks for stopping by!

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  3. EMR is very attractive below $50. If it drops to $45 again I'm definitely a buyer.

    Best wishes.

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    1. A dip to $45 again would be great. I would definitely be adding some more shares then. I'm curious what the dividend increase will look like this year. My guess is it'll be in the 7% range.

      Thanks for stopping by!

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  4. EMR is a holding of mine, but I didn't realize how much it's pulled back recently. Thanks for the heads up. I agree, EMR is definitely attractive at $45 and 3.5% yield.

    I'll add this to the watchlist.

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    1. It's definitely getting closer to where I would pounce. I need to start transferring some money over to my brokerage/Roth IRA accounts. The upcoming dividend increase might make the current price worth getting in at but I think I'll wait. Hopefully it'll drop further to the $45's or lower.

      Thanks for stopping by!

      Delete