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Do you like to follow smart money buying and selling trends? We ran a screen with this idea in mind.

We began by screening the industrials industry for stocks with high growth projections, with 5-year projected EPS growth rates above 15%.

One of the unique characteristics of industrials is the diversity of end markets served by the companies within the sector. This provides for stable growth for the long term.

We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Do you think hedge funds are calling it right on these names? Use this list as a starting point for your own analysis.

1. Colfax Corporation (CFX): Designs, manufactures, and distributes fluid handling products that transfer or control liquids in various applications worldwide. Market cap at $3.68B, most recent closing price at $39.15. Net institutional purchases in the current quarter at 4.4M shares, which represents about 6.89% of the company's float of 63.84M shares. As of September 30th, 2012, the top 2 holders of the stock are BDT Capital Partners (15.7%), and BlueRidge Capital (5.7%).

5-year EPS growth at 27.3%.

2. Interface Inc. (IFSIA): Engages in the design, production, and sale of modular and broadloom carpets, and other floor covering products for the commercial, institutional, and residential markets primarily in the Americas, Europe, and the Asia-Pacific. Market cap at $1.06B, most recent closing price at $16.0. Net institutional purchases in the current quarter at 3.3M shares, which represents about 5.73% of the company's float of 57.59M shares. As of September 30th, 2012, the top 2 holders of the stock are FMR, LLC (10.16%) and Suntrust Banks, Inc. (7.72%).

5-year EPS growth at 17%.

3. McDermott International Inc. (MDR): Operates as an engineering, procurement, construction, and installation company worldwide. Market cap at $2.56B, most recent closing price at $10.86. Net institutional purchases in the current quarter at 15.6M shares, which represents about 6.66% of the company's float of 234.16M shares. As of September 30th, 2012, the top 2 holders of the stock are T.Rowe Price (11.5%), and FMR, LLC (10%.).

5-year EPS growth at 27.9%.

4. Polypore International Inc. (PPO): Develops, manufactures, and markets microporous membranes used in separation and filtration processes. Market cap at $2.17B, most recent closing price at $46.52. Net institutional purchases in the current quarter at 2.3M shares, which represents about 5.37% of the company's float of 42.85M shares. As of September 30th, 2012, the top 2 holders of the stock are Capital Research Global Advisors (11%), and Wellington Capital Management (10.6%).

5-year EPS growth at 17.3%.

5. Smith & Wesson Holding Corporation (SWHC): Offers metal processing services and manufactures firearms and handcuffs as well as apparel and sportsmen's articles. Market cap at $547.31M, most recent closing price at $8.26. Net institutional purchases in the current quarter at 5.6M shares, which represents about 9.11% of the company's float of 61.48M shares. As of September 30th, 2012, the top 2 holders of the stock are The Vanguard Group (6.3%), and Renaissance Technologies (5%).

5-year EPS growth at 22%.

6. Thermon Group Holdings, Inc. (THR): Offers heat tracing solutions for process industries worldwide. Market cap at $693.96M, most recent closing price at $22.48. Net institutional purchases in the current quarter at 9.7M shares, which represents about 32.56% of the company's float of 29.79M shares. As of September 30th, 2012, the top 2 holders of the stock are Eagle Asset Management (9.2%), and Neuberger Berman group (6.2%).

5 -year EPS growth at 18.25%.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: Hedge Funds Are Buying These 6 High-Growth Industrials