Independent Bank Corp. (INDB) Reaches $71.55 Formed H&S; Sherwin-williams Company (the) (SHW) Shorts Raised By 22.12%

February 28, 2018 - By Jerrie Dane

Independent Bank Corp. (INDB) formed H&S with $67.26 target or 6.00% below today’s $71.55 share price. Independent Bank Corp. (INDB) has $1.96 billion valuation. The stock decreased 1.31% or $0.95 during the last trading session, reaching $71.55. About 62,956 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since February 28, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Sherwin-williams Company (the) (NYSE:SHW) had an increase of 22.12% in short interest. SHW’s SI was 1.62 million shares in February as released by FINRA. Its up 22.12% from 1.33 million shares previously. With 794,700 avg volume, 2 days are for Sherwin-williams Company (the) (NYSE:SHW)’s short sellers to cover SHW’s short positions. The SI to Sherwin-williams Company (the)’s float is 1.99%. The stock decreased 1.19% or $4.79 during the last trading session, reaching $399.41. About 495,504 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 15.27% since February 28, 2017 and is uptrending. It has underperformed by 1.43% the S&P500.

Investors sentiment decreased to 1.21 in Q3 2017. Its down 0.01, from 1.22 in 2017Q2. It is negative, as 60 investors sold The Sherwin-Williams Company shares while 210 reduced holdings. 80 funds opened positions while 247 raised stakes. 69.43 million shares or 2.00% more from 68.06 million shares in 2017Q2 were reported. Toth Fincl Advisory Corp, Virginia-based fund reported 7,166 shares. Meritage Gru Lp reported 5.27% in The Sherwin-Williams Company (NYSE:SHW). Tnb reported 0.06% stake. Sequoia Financial Advisors Llc holds 0.11% or 2,509 shares. East Coast Asset Mngmt Ltd Liability Com stated it has 1,575 shares. Smithfield Trust Com has invested 0.03% of its portfolio in The Sherwin-Williams Company (NYSE:SHW). Northcoast Asset Mngmt Ltd Com holds 2.23% in The Sherwin-Williams Company (NYSE:SHW) or 53,010 shares. Livforsakringsbolaget Skandia Omsesidigt owns 1,548 shares for 0.05% of their portfolio. Blackrock accumulated 5.54M shares. Moreover, Monetary Gp has 0.06% invested in The Sherwin-Williams Company (NYSE:SHW) for 400 shares. Conning invested in 0.02% or 1,925 shares. Point72 Asset Mgmt Ltd Partnership invested in 0.93% or 581,466 shares. Moreover, Aqr Cap Mgmt Limited Liability has 0.03% invested in The Sherwin-Williams Company (NYSE:SHW) for 60,457 shares. Macquarie Grp owns 0.02% invested in The Sherwin-Williams Company (NYSE:SHW) for 38,732 shares. Wellington Shields Capital Limited Liability holds 860 shares.

The Sherwin-Williams Company develops, makes, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail clients primarily in North and South America, the Caribbean, Europe, and Asia. The company has market cap of $37.54 billion. The firm operates in four divisions: Paint Stores Group, Consumer Group, Global Finishes Group, and Latin America Coatings Group. It has a 21.39 P/E ratio. It offers architectural paint and coatings, protective and marine products, automotive finishes and refinish products, original equipment maker product finishes, and related items under the Sherwin-Williams brand.

Among 28 analysts covering Sherwin-Williams Company (NYSE:SHW), 21 have Buy rating, 0 Sell and 7 Hold. Therefore 75% are positive. Sherwin-Williams Company had 64 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report. As per Wednesday, July 22, the company rating was upgraded by Northcoast. On Wednesday, December 13 the stock rating was maintained by RBC Capital Markets with “Buy”. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by KeyCorp on Wednesday, April 5 with “Overweight”. KeyBanc Capital Markets maintained it with “Buy” rating and $415.0 target in Friday, September 1 report. The company was maintained on Sunday, January 28 by KeyBanc Capital Markets. Citigroup initiated The Sherwin-Williams Company (NYSE:SHW) on Friday, June 23 with “Buy” rating. The stock has “Buy” rating by Longbow on Wednesday, March 16. The stock of The Sherwin-Williams Company (NYSE:SHW) has “Buy” rating given on Tuesday, November 8 by Evercore.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 23 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Independent Bank Corp. (NASDAQ:INDB) has “Buy” rating given on Wednesday, August 26 by Zacks. As per Tuesday, September 20, the company rating was downgraded by Compass Point. The company was downgraded on Wednesday, October 11 by Compass Point. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Buy” rating by Compass Point on Monday, December 18. The company was upgraded on Thursday, August 20 by Zacks. The stock has “Hold” rating by Piper Jaffray on Monday, July 24. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Sunday, July 23 report. The rating was maintained by Piper Jaffray on Thursday, October 19 with “Hold”. Compass Point upgraded the stock to “Buy” rating in Friday, January 22 report. Keefe Bruyette & Woods maintained Independent Bank Corp. (NASDAQ:INDB) on Tuesday, October 3 with “Hold” rating.

Since October 25, 2017, it had 0 buys, and 4 insider sales for $264,428 activity. Shares for $85,526 were sold by MISKELL EILEEN C. On Friday, February 2 ODDLEIFSON CHRISTOPHER sold $87,125 worth of Independent Bank Corp. (NASDAQ:INDB) or 1,200 shares. Abelli Donna L also sold $43,302 worth of Independent Bank Corp. (NASDAQ:INDB) shares. RIBEIRO CARL also sold $48,475 worth of Independent Bank Corp. (NASDAQ:INDB) shares.

Analysts await Independent Bank Corp. (NASDAQ:INDB) to report earnings on April, 19. They expect $1.03 earnings per share, up 32.05% or $0.25 from last year’s $0.78 per share. INDB’s profit will be $28.27 million for 17.37 P/E if the $1.03 EPS becomes a reality. After $0.89 actual earnings per share reported by Independent Bank Corp. for the previous quarter, Wall Street now forecasts 15.73% EPS growth.