18,441 Shares in Dana Incorporated $DAN Bought by State of Wyoming

State of Wyoming purchased a new position in shares of Dana Incorporated (NYSE:DAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,441 shares of the auto parts company’s stock, valued at approximately $502,000.

A number of other hedge funds also recently bought and sold shares of DAN. Bessemer Group Inc. increased its stake in shares of Dana by 44.3% during the first quarter. Bessemer Group Inc. now owns 208,088 shares of the auto parts company’s stock worth $7,002,000 after buying an additional 63,879 shares during the period. SG Americas Securities LLC raised its stake in Dana by 1,341.4% during the 1st quarter. SG Americas Securities LLC now owns 690,454 shares of the auto parts company’s stock worth $23,234,000 after acquiring an additional 642,552 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Dana by 39.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in Dana in the fourth quarter valued at $309,000. Finally, Russell Investments Group Ltd. lifted its position in Dana by 3.1% in the third quarter. Russell Investments Group Ltd. now owns 927,987 shares of the auto parts company’s stock valued at $18,597,000 after acquiring an additional 27,712 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Dana Stock Up 3.4%

DAN opened at $31.39 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.49. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 3.12 and a beta of 1.99. Dana Incorporated has a one year low of $17.74 and a one year high of $39.56. The business’s fifty day moving average is $28.23 and its two-hundred day moving average is $32.01.

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

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 7th. Dana’s dividend payout ratio (DPR) is 4.78%.

Wall Street Analysts Forecast Growth

DAN has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Dana from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Barclays lifted their target price on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday. Weiss Ratings cut Dana from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price target on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Four research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.00.

About Dana

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.