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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. Schnitzer Steel Industries Inc. (SCHN): Engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. Market cap at $781.7M, most recent closing price at $29.61. Net institutional purchases in the current quarter at 1.3M shares, which represents about 5.04% of the company's float of 25.77M shares.

5 -year EPS growth at 20%. The top 2 holders of the stock are Royce & Associates, and T. Rowe Price.­­­

2. 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 $558.57M, most recent closing price at $8.43. Net institutional purchases in the current quarter at 5.5M shares, which represents about 8.95% of the company's float of 61.48M shares.

5 -year EPS growth at 30%. The top 2 holders of the stock are The Vanguard Group, and Renaissance Technologies.

3. Thermon Group Holdings, Inc. (THR): Offers heat tracing solutions for process industries worldwide. Market cap at $692.72M, most recent closing price at $22.44. Net institutional purchases in the current quarter at 9.6M shares, which represents about 32.16% of the company's float of 29.85M shares.

5 -year EPS growth at 18.25%. The top 2 holders of the stock are Eagle Asset Management, and Neuberger Berman Group.

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

Source: Hedge Funds Are Buying These 3 High-Growth Industrials