Is this the perfect FTSE 100 stock to own right now?

first_img See all posts by Edward Sheldon, CFA Edward Sheldon owns shares in Reckitt Benckiser. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Picking FTSE 100 stocks to invest within the current environment has its challenges. On one hand, you want to be investing in companies that are set for solid growth in the years ahead. On the other, you also want an element of defensiveness. Economic uncertainty remains extremely elevated due to Covid-19 and we can’t rule out a second stock market crash.Finding FTSE stocks that offer a nice mix of growth potential and resilience isn’t that easy. There are some stocks, however, that tick both boxes. Here’s a look at one such stock I like the look of right now.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The perfect FTSE 100 stock to own?Reckitt Benckiser (LSE: RB) is a leading FTSE 100 consumer goods company that focuses on health and hygiene products. It owns a leading portfolio of brands that are sold in nearly 200 countries and are trusted by millions of people worldwide. Its major brands include the likes of Dettol, Lysol, Finish, and Nurofen.Growth potential in a post-Covid-19 worldIn terms of growth potential, I see Reckitt Benckiser as very well-placed in a post-Covid-19 world. Given that we’re all likely to be far more focused on hygiene, demand for Reckitt’s products, such as Dettol antibacterial soaps and wipes, and Lysol disinfectant sprays, should be high. I’ll point out that in the first quarter of 2020, Reckitt reported like-for-like growth of 12.8% in its hygiene division with strong growth in most markets. That’s certainly encouraging.There are other growth drivers here too. One is the world’s ageing population. With the number of over 60s worldwide set to rise to 1.4bn by 2030, up from 901m five years ago, I can see demand for RB’s trusted healthcare products such as Nurofen, Gaviscon, and Mucinex steadily rising in the years ahead too.Overall, Reckitt Benckiser appears to have plenty of growth potential, in my view.A resilient FTSE companyAt the same time, Reckitt Benckiser can also offer investors portfolio protection. If the global economy does experience a prolonged recession due to Covid-19, you can be sure Reckitt will survive. That’s because it sells everyday products that people tend to buy, no matter what the economy is doing.And if the stock market crashes again, RB is likely to provide portfolio stability. In the recent crash, the stock only fell 20%, versus a decline of around 35% for the FTSE 100 index.Reliable dividend payerOn top of all this, Reckitt Benckiser is a very reliable dividend payer. Since the FTSE 100 company was formed in 1999, it has never cut its dividend. And in that time, the company has lifted its payout from 24p per share to 175p per share. Currently, the prospective dividend yield is about 2.4%.Putting this all together, Reckitt Benckiser has a lot going for it, in my opinion.Long-term buy-and-holdHowever, I’ll point out that Reckitt Benckiser shares aren’t super-cheap. With analysts forecasting earnings of 310p per share this year, the forward-looking P/E ratio is about 24. But I wouldn’t let that valuation put you off. Recently, Barclays raised its target price for the stock to 9,000p – 20% higher than the current share price.All things considered, I believe RB is the perfect stock to own right now. I’d buy the FTSE 100 stock today and hold it for the long term. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Our 6 ‘Best Buys Now’ Sharescenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Edward Sheldon, CFA | Friday, 3rd July, 2020 | More on: RKT Is this the perfect FTSE 100 stock to own right now? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Addresslast_img read more