I’m always looking for high quality FTSE100 shares at an attractive price. All three of these have declined in recent months, but I believe they have the potential to deliver share price and dividend growth for decades to come. I think they are worth considering today.

Reckitt’s stock fell

A group of consumer goods Reckitt (LSE: RKT) is a huge global operator. Every day, more than 30 million people in almost 200 countries buy household, health and personal care products such as Dettol, End, Nurofen AND Durex.

It was always seen as one of the more solid long-term stocks with the highest returns and growth, until the disastrous purchase of Mead Johnson Nutrition in 2017 triggered a flurry of lawsuits in the US over its premature infant formula. Adjusted operating profits also remained fairly stable.

• 2025 – £3.54 billion
• 2024 – £3.48 billion
• 2023 – £3.37 billion
• 2022 – £3.45bn
• 2021 – £3.11 billion

Reckitt’s share price has fallen 30% in five years. It made progress this year, but its shares fell again on concerns about the Iran war and a frail outlook.

There’s good business here, and the stock could move when cyclical consumer market returns to its advantage. With a modest price-to-earnings ratio of 12.6 and a dividend yield of 4.75%, today could prove to be a comfortable starting point.

Group 3i was beaten

Private equity specialist Group 3i (LSE:III) is perhaps a victim of its own success. It built its reputation by buying, sorting and selling businesses. But then one investment did so well that it began to dominate the entire portfolio.

The Action discount store has become a pan-European giant with over 3,300 stores across the continent. Today it constitutes 70% of the 3i portfolio. It’s growing so quick that the slightest sign of slowing was enough for 3i’s stock to crash. After years of outperformance, the company’s stock fell 50% in a year. Incredibly, at the time it was the worst performance in the entire FTSE 100, despite delivering a solid return on shareholder funds of 22%.

The mutual fund is currently trading at a massive 30% discount to the underlying value of its assets. The 3i will likely remain bumpy for a while, but that’s what happened long-term potential for investors comfortable with a bit of risk.

Babcock retreats

Babcock International Group (LSE: BAB) also got ahead of itself. The stock soared as investors poured money into defense stocks, pushing the price-to-earnings ratio to 30. But it has fallen 25% in the past three months. This is partly due to £140m of cost overruns on the Type 31 frigates, coupled with some profit-taking. Today, the P/E ratio has dropped to 20. It’s not damn affordable, but it’s a better value than before.

Babcock’s latest trading update (May 13) showed an augment in operating profit of 19% to £433m. Free cash flow increased by 71% to £262 million. I hope the company’s shares will rise as the procurement sector begins to gain traction again, with an order book of £9.6 billion, about double last year’s figure.

Is it worth investing £5,000 in Reckitt Benckiser Group Plc now?

If investing expert Mark Rogers and his team have stock advice, it can pay to listen. After all, Twelfth Magpie’s flagship Share Advisor newsletter, which it has run for almost a decade, provides thousands of paying members with the best share recommendations from across the UK and US markets.

Mark believes there are 6 standout stocks that investors should consider buying right now. Want to see if Reckitt Benckiser Group Plc is on the list?

Harvey Jones owns shares in 3i Group.