Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MULLER KLAUS PETER
   2. Issuer Name and Ticker or Trading Symbol
PARKER HANNIFIN CORP [PH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
COMMERZBANK AG, KAISERPLATZ		 3. Date of Earliest Transaction (Month/Day/Year)
10/25/2006
(Street)

FRANKFURT AM MAIN, GERMANY D-60261		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/25/2006   F   305 (1) D $ 83.43 9,028 D  
Common Stock 10/25/2006   M   48 (2) A $ 69.76 9,076 D  
Common Stock 10/25/2006   M   118 (3) A $ 66.75 9,194 D  
Common Stock 10/25/2006   M   174 (4) A $ 66.75 9,368 D  
Common Stock 10/25/2006   M   570 (5) A $ 54.39 9,938 D  
Common Stock 10/25/2006   M   297 (6) A $ 65.65 10,235 D  
Common Stock 10/25/2006   M   95 (7) A $ 66.75 10,330 D  
Common Stock 10/25/2006   M   117 (8) A $ 66.75 10,447 D  
Common Stock 10/25/2006   F   423 (9) D $ 83.77 10,024 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy $ 69.76 10/25/2006   M     290 (2) 10/27/2005 08/06/2012 Common Stock 290 (2) $ 0 (10) 0 D  
Option to Buy $ 66.75 10/25/2006   M     583 (3) 09/16/2006 08/08/2010 Common Stock 583 (3) $ 0 (10) 0 D  
Option to Buy $ 66.75 10/25/2006   M     857 (4) 09/16/2006 08/12/2013 Common Stock 857 (4) $ 0 (10) 0 D  
Option to Buy $ 54.39 10/25/2006   M     1,625 (5)   (11) 08/10/2014 Common Stock 1,625 (5) $ 0 (12) 0 D  
Option to Buy $ 83.38 10/25/2006   A   1,055   10/25/2007 08/10/2014 Common Stock 1,055 $ 0 (10) 1,055 D  
Option to Buy $ 65.65 10/25/2006   M     1,375 (6)   (13) 08/09/2015 Common Stock 1,375 (6) $ 0 (10) 1,375 D  
Option to Buy $ 83.38 10/25/2006   A   1,078   10/25/2007 08/09/2015 Common Stock 1,078 $ 0 (10) 1,078 D  
Option to Buy $ 66.75 10/25/2006   M     469 (7) 09/16/2006 08/07/2011 Common Stock 469 (7) $ 0 (10) 0 D  
Option to Buy $ 83.38 10/25/2006   A   374   10/25/2007 08/07/2011 Common Stock 374 $ 0 (10) 374 D  
Option to Buy $ 66.75 10/25/2006   M     578 (8) 09/16/2006 08/10/2009 Common Stock 578 (8) $ 0 (10) 0 D  
Option to Buy $ 83.38 10/25/2006   A   461   10/25/2007 08/10/2009 Common Stock 461 $ 0 (10) 461 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MULLER KLAUS PETER
COMMERZBANK AG
KAISERPLATZ
FRANKFURT AM MAIN, GERMANY D-60261		   X      

Signatures

 Joseph R. Leonti, Attorney-in-Fact   10/27/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares withheld for taxes upon vesting of restricted stock issued to Mr. Mueller pursuant to the Corporation's Non-Employee Directors Stock Plan in a transaction exempt under Rule 16b-3.
(2) "Pyramid" stock option exercise resulting in net acquisition of 48 shares.
(3) "Pyramid" stock option exercise resulting in net acquisition of 118 shares.
(4) "Pyramid" stock option exercise resulting in net acquisition of 174 shares.
(5) "Pyramid" stock option exercise resulting in net acquisition of 570 shares.
(6) "Pyramid" stock option exercise resulting in net acquisition of 297 shares.
(7) "Pyramid" stock option exercise resulting in net acquisition of 95 shares.
(8) "Pyramid" stock option exercise resulting in net acquisition of 117 shares.
(9) Aggregate of shares withheld for taxes from stock option exercises
(10) Granted under the Corporation's 2004 Non-Employee Directors' Stock Incentive Plan in a transaction exempt under Rule 16b-3.
(11) The option vested in two equal installments on 8/11/2005 and 8/11/2006.
(12) Granted under the Corporation's Non-Employee Directors Stock Option Plan in a transaction exempt under Rule 16b-3.
(13) The option vests in two equal installments on 8/10/2006 and 8/10/2007.

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