Parker-Hannifin reported Tuesday morning reporting their 3Q2012 Earnings. They recorded record sales, Net Income, and EPS for third quarter results. Net Sales grew to $3.39 Billion, against estimates of $3.28 Billion, while Net Income reached $312 Million, and EPS totaled $2.01 per share, beating expected EPS by 19.6%. They achieved these numbers through an 11.6% increase in North American sales and an increase of 7.7% in the Aerospace Segment. With the relatively positive 3Q2012 earnings, Parker was able to raise their EPS range FY2012 from $6.90-$7.30 a share to $7.30-$7.50 a share. The company also raised their dividend to $.41 a quarter, a 5% increase over the previous number. The stock reacted well, going up 6.99% since the earnings announcement and closed Wednesday at $87.08.