53,180 Shares in Dana Incorporated $DAN Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Dana Incorporated (NYSE:DAN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,180 shares of the auto parts company’s stock, valued at approximately $1,447,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Dana by 39.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 987 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Dana in the second quarter worth approximately $45,000. Pinnacle Holdings LLC purchased a new position in shares of Dana in the second quarter worth $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Dana in the second quarter worth $49,000. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company decreased their price objective on shares of Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, August 7th. Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Barclays upped their price objective on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. Finally, UBS Group cut their target price on Dana from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.00.

Dana Price Performance

Shares of Dana stock opened at $31.55 on Friday. The business has a 50 day moving average of $28.27 and a 200 day moving average of $31.97. Dana Incorporated has a 52 week low of $17.74 and a 52 week high of $39.56. The company has a market cap of $3.39 billion, a PE ratio of 3.14 and a beta of 2.01. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

Dana (NYSE:DAN) last released its quarterly earnings results on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.51). The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Dana had a net margin of 14.55% and a return on equity of 4.07%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts forecast that Dana Incorporated will post 1.93 earnings per share for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.48 annualized dividend and a yield of 1.5%. Dana’s dividend payout ratio (DPR) is currently 4.78%.

Dana Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.