Dana (NYSE:DAN) Price Target Lowered to $28.00 at Wells Fargo & Company

Dana (NYSE:DAN) had its price target cut by Wells Fargo & Company from $33.00 to $28.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other analysts have also weighed in on DAN. Barclays lowered shares of Dana from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Thursday, July 2nd. Zacks Research cut shares of Dana from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Royal Bank Of Canada raised their price target on shares of Dana from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group decreased their price objective on shares of Dana from $42.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price on Dana from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.67.

Dana Stock Performance

NYSE:DAN opened at $28.46 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $28.92 and its 200 day simple moving average is $31.97. The stock has a market cap of $3.08 billion, a P/E ratio of 2.83 and a beta of 1.99. Dana has a twelve month low of $17.38 and a twelve month high of $39.56.

Dana (NYSE:DAN) last released its earnings results on Thursday, August 6th. The auto parts company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.51). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Dana had a return on equity of 4.07% and a net margin of 14.55%.The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Dana has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts predict that Dana will post 2.07 EPS for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 7th. Dana’s dividend payout ratio (DPR) is presently 4.66%.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently made changes to their positions in DAN. EverSource Wealth Advisors LLC increased its holdings in Dana by 39.2% in 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. Plato Investment Management Ltd purchased a new position in Dana during the second quarter valued at approximately $45,000. Parallel Advisors LLC boosted its position 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 period. Captrust Financial Advisors purchased a new stake in shares of Dana in the second quarter worth $176,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Dana during the 2nd quarter valued at $252,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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.