The Manufacturers Life Insurance Company Purchases Shares of 53,180 Dana Incorporated $DAN

The Manufacturers Life Insurance Company purchased a new stake in shares of Dana Incorporated (NYSE:DAN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 53,180 shares of the auto parts company's stock, valued at approximately $1,447,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DAN. BlackRock Inc. bought a new position in shares of Dana in the second quarter worth approximately $496,741,000. JB Capital Partners LP bought a new stake in Dana during the second quarter valued at approximately $50,400,893. Bank of New York Mellon Corp bought a new stake in Dana during the second quarter valued at approximately $25,571,000. SG Americas Securities LLC grew its stake in Dana by 1,341.4% in the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company's stock worth $23,234,000 after buying an additional 642,552 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Dana by 61.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,591,768 shares of the auto parts company's stock worth $37,820,000 after buying an additional 604,246 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DAN. Wells Fargo & Company decreased their price target on shares of Dana from $33.00 to $28.00 and set an "equal weight" rating on the stock in a report on Friday, August 7th. UBS Group dropped their price objective on shares of Dana from $39.00 to $38.00 and set a "buy" rating for the company in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on shares of Dana from $33.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Dana from $40.00 to $39.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered Dana from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Dana presently has a consensus rating of "Hold" and a consensus price target of $37.00.

Dana Stock Up 2.9%

Shares of NYSE DAN opened at $31.55 on Friday. Dana Incorporated has a one year low of $17.74 and a one year high of $39.56. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.03. The firm's 50 day simple moving average is $28.27 and its two-hundred day simple moving average is $31.97. The stock has a market capitalization of $3.39 billion, a P/E ratio of 3.14 and a beta of 2.01.

Dana (NYSE:DAN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The auto parts company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.51). Dana had a return on equity of 4.07% and a net margin of 14.55%.The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company's revenue was up 3.9% compared to the same quarter last year. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, analysts expect that Dana Incorporated will post 1.93 EPS for the current fiscal year.

Dana Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. 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 payout ratio is currently 4.78%.

Dana Company 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.

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