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Update: Pentair - A Good Stock To Hold For Big Profits

Pentair PLC (NYSE:PNR) has announced fourth-quarter and fiscal 2014 results. The company generated revenue of $1.8B, and its earnings per share increased by 23% in the final quarter. For fiscal 2014, it posted revenue of $7B, and earnings per share increased to $3.78 compared with the past year's earnings of $2.62 per share. Moreover, Pentair's cash-generating potential is also enhancing with the growth in earnings. Its cash conversion ratio stood at 120% of its income. In fiscal 2014, the company generated free cash flow of $889 million, when its dividend payments were standing at $211 million. The huge gap between free cash flows and dividend payments allowed the company to make an increase of 16% in its quarterly…