The Smartest People on Wall Street Are Buying These 3 Stocks -- Should You Follow?

According to 13F filings at the Securities and Exchange Commission (SEC), the number of hedge funds holding stock in toolmaker Stanley Black & Decker (NYSE: SWK), aerospace-component manufacturer TransDigm (NYSE: TDG), and industrial-giant General Electric (NYSE: GE) increased in the fourth quarter. Meanwhile, a combination of possibly dissipating cost headwinds, Stanley's underlying growth initiatives (including the exciting MTD acquisition) and the possibility of a shift in demand and interest in DIY is expected to lead to double-digit earnings growth for Stanley in the coming years.