Northland Securities Reduces Earnings Estimates for Sono-Tek

Sono-Tek Corporation (NASDAQ:SOTK) – Stock analysts at Northland Securities cut their FY2027 earnings estimates for shares of Sono-Tek in a research note issued to investors on Thursday, October 15th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.10. The consensus estimate for Sono-Tek’s current full-year earnings is $0.08 per share. Northland Securities also issued estimates for Sono-Tek’s Q1 2028 earnings at $0.02 EPS and Q3 2028 earnings at $0.10 EPS.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Wednesday, October 14th. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $5.54 million. Sono-Tek had a return on equity of 9.95% and a net margin of 9.32%.

Several other research firms have also recently issued reports on SOTK. Wall Street Zen cut Sono-Tek from a “strong-buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised Sono-Tek from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sono-Tek has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Sono-Tek Price Performance

Sono-Tek stock opened at $5.47 on Monday. The stock’s 50 day moving average price is $5.38 and its 200 day moving average price is $5.13. Sono-Tek has a 1-year low of $3.40 and a 1-year high of $7.48. The company has a market cap of $86.15 million, a PE ratio of 45.58 and a beta of 0.07.

Hedge Funds Weigh In On Sono-Tek

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Sono-Tek in the second quarter valued at about $73,000. BlackRock Inc. acquired a new position in shares of Sono-Tek during the 2nd quarter worth approximately $179,000. Bard Associates Inc. acquired a new position in shares of Sono-Tek during the 2nd quarter worth approximately $349,000. Finally, Renaissance Technologies LLC raised its position in shares of Sono-Tek by 41.6% during the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 26,161 shares during the last quarter. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Sono-Tek

In other Sono-Tek news, CFO Stephen Bagley sold 8,346 shares of the business’s stock in a transaction 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 in the company, valued at approximately $109,033.02. The trade was a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 13,000 shares of company stock worth $67,666 over the last ninety days. Insiders own 5.57% of the company’s stock.

About Sono-Tek

Sono-Tek Corporation develops and manufactures ultrasonic coating and precision liquid-deposition systems. Its technology uses high-frequency sound waves to atomize liquids into a controlled spray, enabling uniform application of coatings, adhesives, lubricants, and other materials while minimizing overspray and material waste.

The company’s products include ultrasonic spray nozzles, integrated coating systems, and customized solutions designed for automated manufacturing processes. Sono-Tek also provides application development, process optimization, installation, training, and technical support to help customers integrate its equipment into production lines.

Sono-Tek’s systems are used across a range of industries, including medical devices, electronics, semiconductor and advanced technology manufacturing, alternative energy, glass, textiles, and other industrial applications.