Northwestern Mutual Wealth Management Co. Sells 148,297 Shares of Sono-Tek Corporation $SOTK

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Sono-Tek Corporation (NASDAQ:SOTK) by 92.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,905 shares of the industrial products company’s stock after selling 148,297 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sono-Tek were worth $73,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SOTK. Bard Associates Inc. purchased a new stake in Sono-Tek during the 2nd quarter valued at $349,000. BlackRock Inc. purchased a new position in shares of Sono-Tek in the second quarter valued at about $179,000. Renaissance Technologies LLC increased its position in shares of Sono-Tek by 41.6% in the first quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock valued at $362,000 after acquiring an additional 26,161 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sono-Tek by 12.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 2,427 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of Sono-Tek during the fourth quarter valued at about $89,000. Institutional investors own 47.89% of the company’s stock.

Insider Buying and Selling

In other Sono-Tek news, CFO Stephen James Bagley sold 8,346 shares of Sono-Tek stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.13, for a total transaction of $42,814.98. Following the sale, the chief financial officer directly owned 21,254 shares of the company’s stock, valued at approximately $109,033.02. The trade was a 28.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 13,000 shares of company stock valued at $67,666 in the last ninety days. Company insiders own 5.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SOTK shares. Weiss Ratings cut Sono-Tek from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 28th. Wall Street Zen raised Sono-Tek to a “strong-buy” rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sono-Tek presently has a consensus rating of “Hold” and an average price target of $8.50.

Sono-Tek Trading Down 5.8%

Shares of NASDAQ SOTK opened at $4.73 on Wednesday. The firm has a fifty day simple moving average of $5.26 and a two-hundred day simple moving average of $4.84. Sono-Tek Corporation has a 12 month low of $3.40 and a 12 month high of $6.24. The firm has a market capitalization of $74.36 million, a PE ratio of 36.39 and a beta of -0.02.

Sono-Tek (NASDAQ:SOTK) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The firm had revenue of $5.66 million for the quarter, compared to analyst estimates of $5.60 million. During the same quarter in the previous year, the firm posted $0.03 EPS. On average, sell-side analysts predict that Sono-Tek Corporation will post 0.11 earnings per share for the current year.

About Sono-Tek

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.