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

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Sono-Tek Corporation (NASDAQ:SOTK) by 92.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,905 shares of the industrial products company’s stock after selling 148,297 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.08% of Sono-Tek worth $73,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Susquehanna International Group LLP raised its stake in Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after buying an additional 4,305 shares in the last quarter. HM Payson & Co. bought a new position in shares of Sono-Tek in the 4th quarter worth $89,000. Bard Associates Inc. increased its holdings in shares of Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after buying an additional 2,838 shares during the last quarter. Finally, BlackRock Inc. purchased a new stake in shares of Sono-Tek during the 2nd quarter valued at $179,000. 47.89% of the stock is currently owned by institutional investors.

Insider Activity at Sono-Tek

In related news, CFO Stephen James Bagley sold 8,346 shares of Sono-Tek stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total value of $42,814.98. Following the transaction, the chief financial officer owned 21,254 shares in the company, valued at $109,033.02. This trade represents a 28.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 13,000 shares of company stock worth $67,666. 5.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Sono-Tek Price Performance

Shares of SOTK opened at $4.73 on Wednesday. Sono-Tek Corporation has a 1 year low of $3.40 and a 1 year high of $6.24. The stock has a 50 day simple moving average of $5.26 and a two-hundred day simple moving average of $4.84. The firm has a market cap of $74.36 million, a P/E ratio of 36.39 and a beta of -0.02.

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

Sono-Tek Profile

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.