EXHIBIT 11
PARKER-HANNIFIN CORPORATION
FORM 10-Q
COMPUTATION OF EARNINGS PER COMMON SHARE
(Dollars in thousands, except per share amounts)
(Unaudited)
Three Months Ended
September 30,
1995 1994 (A)
Net income applicable to common shares $ 57,375 $ 43,649
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Weighted average common shares outstanding
for the period 74,070,861 73,453,255
Increase in weighted average from dilutive
effect of exercise of stock options 811,722 505,053
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Weighted average common shares, assuming
issuance of the above securities 74,882,583 73,958,308
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Earnings per common share:
Primary $ .77 $ .59
Fully diluted (B) $ .77 $ .59
(A) Weighted average shares and earnings per share have been restated for the
3-shares-for-2 common stock split paid June 2, 1995.
(B) This calculation is submitted in accordance with Regulation S-K
Item 601(b)(11) although not required for income statement presentation
because it results in dilution of less than 3 percent.
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