The inflation and recession fears that pushed that index lower took a huge toll on some prominent industrial names, including Stanley Black & Decker (NYSE: SWK), Rockwell Automation (NYSE: ROK), and A. O. Smith (NYSE: AOS). If there is a recession the company may see results stall some, but the long-term demand from cost-cutting customers probably won't go away anytime soon. The company's near-term results could be touch and go, given that strong second-quarter revenue, up 12%, was largely driven by price hikes, with management specifically noting sales weakness in China as a headwind.