Following a very strong rally off the market's 2020 bottom, shares of Keyence (TSE:6861, Financial) took a breather in first quarter 2021. The Japa-nese company is a global market leader in the sensors that serve as the "eyes and ears" of automated factories and warehouses to help ensure their efficient operation. Keyence's main competi-tive advantage lies in its broad product portfolio combined with a large in-house sales force that allows it to develop entrenched relationships with its customers and respond nimbly to their needs.
From First Eagle Investment (Trades, Portfolio)'s Global Value Team first-quarter 2021 commentary.
