499,531 Shares in Dana Incorporated $DAN Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new stake in 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 fund bought 499,531 shares of the auto parts company’s stock, valued at approximately $13,592,000.

Several other hedge funds also recently made changes to their positions in DAN. EverSource Wealth Advisors LLC grew 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 in the last quarter. Plato Investment Management Ltd bought a new position in shares of Dana in the 2nd quarter valued at about $45,000. Pinnacle Holdings LLC acquired a new stake in shares of Dana in the second quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. bought a new stake in Dana during the second quarter worth about $49,000. Finally, Parallel Advisors LLC grew its stake 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 purchasing an additional 987 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Dana Stock Up 0.9%

NYSE DAN opened at $30.33 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 3.02 and a beta of 1.99. The company has a 50 day moving average of $28.15 and a 200-day moving average of $32.04. Dana Incorporated has a 1-year low of $17.74 and a 1-year high of $39.56.

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 analysts’ consensus estimates of $0.70 by ($0.51). The company 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 in the prior year, the company earned $0.13 EPS. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. On average, equities research analysts expect that Dana Incorporated will post 1.93 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a $0.12 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.6%. Dana’s dividend payout ratio (DPR) is presently 4.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DAN shares. Wells Fargo & Company dropped their price objective on Dana from $33.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dana from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. UBS Group decreased their price objective on shares of Dana from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Barclays upped their target price on shares of Dana from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada lifted 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.00.

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.