Exhibit 12

PARKER-HANNIFIN CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

 

     Nine months
Ended March 31,		     Fiscal Year Ended June 30,  
     2009     2008     2008     2007     2006     2005     2004  
EARNINGS               

Income from continuing operations before income taxes

    $ 617,137     $ 971,706     $ 1,326,524     $ 1,159,282     $ 899,958     $ 738,271     $ 472,956  

Adjustments:

               

Interest on indebtedness, exclusive
of interest capitalized in
accordance with FASB #34 and
interest on ESOP loan guarantee

     85,026       72,202       96,572       80,053       71,100       62,482       67,183  

Amortization of deferred loan costs

      1,753       1,244       1,793       1,511       1,888       1,457       2,293  

Portion of rents representative of
interest factor

      26,534       21,750       35,378       29,000       25,609       21,507       21,213  

Minority interests in consolidated subsidiaries

      2,751       5,637       8,048       7,181       1,532       1,856       2,479  

(Income) loss of equity investees

      (1,532 )     3,084       2,596       1,059       (161 )     (1,935 )     (176 )

Amortization of previously capitalized interest

      196       215       278       282       304       280       291  
                                                        

Income as adjusted

    $ 731,865     $ 1,075,838     $ 1,471,189     $ 1,278,368     $ 1,000,230     $ 823,918     $ 566,239  
                                                        
FIXED CHARGES               

Interest on indebtedness, exclusive of interest capitalized in accordance with FASB #34 and interest on ESOP loan guarantee

    $ 85,026     $ 72,202     $ 96,572     $ 80,053     $ 71,100     $ 62,482     $ 67,183  

Capitalized interest

            436       178      

Amortization of deferred loan costs

      1,753       1,244       1,793       1,511       1,888       1,457       2,293  

Portion of rents representative of interest
factor

      26,534       21,750       35,378       29,000       25,609       21,507       21,213  
                                                        

Fixed charges

    $ 113,313     $ 95,196     $ 133,743     $ 111,000     $ 98,775     $ 85,446     $ 90,689  
                                                        
RATIO OF EARNINGS TO FIXED CHARGES      6.46 x     11.30 x     11.00 x     11.52 x     10.13 x     9.64 x     6.24 x