Man Group plc Invests $697,000 in Dana Incorporated $DAN

Man Group plc purchased a new stake in Dana Incorporated (NYSE:DAN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,614 shares of the auto parts company’s stock, valued at approximately $697,000.

Several other hedge funds have also recently bought and sold shares of DAN. EverSource Wealth Advisors LLC boosted its stake in shares of Dana by 39.2% in the 4th 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 in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Dana during the 2nd quarter worth about $45,000. Pinnacle Holdings LLC bought a new position in Dana during the 2nd quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. bought a new position in Dana during the 2nd quarter valued at about $49,000. Finally, Parallel Advisors LLC boosted its position in Dana by 105.2% in the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after buying an additional 987 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Trading Up 2.9%

DAN stock opened at $31.55 on Friday. The company has a market cap of $3.39 billion, a P/E ratio of 3.14 and a beta of 2.01. Dana Incorporated has a twelve month low of $17.74 and a twelve month high of $39.56. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $28.27 and a 200-day moving average of $31.97.

Dana (NYSE:DAN) last issued 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 net margin of 14.55% and a return on equity of 4.07%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities research analysts expect that Dana Incorporated will post 1.93 EPS for the current year.

Dana Announces Dividend

The firm also recently announced 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 was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Dana’s dividend payout ratio is presently 4.78%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAN. Weiss Ratings lowered shares of Dana from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft cut 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. Royal Bank Of Canada boosted their price objective on Dana from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Barclays lifted their price target on Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Finally, Zacks Research downgraded shares of Dana from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.00.

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.