SCHEDULE: BlackRock Boosts Carpenter Tech Stake to 10.1%

BlackRock, Inc. reported an updated beneficial ownership of 10.1% in Carpenter Technology Corp., holding 5,053,660 shares as of September 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 5,053,660 shares of Carpenter Technology Corp. common stock.
• This represents 10.1% of the class of securities.
• BlackRock holds sole voting power over 4,899,655 shares and sole dispositive power over 5,053,660 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• This filing is an Amendment No. 5 to Schedule 13G.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure, indicating a neutral sentiment. It provides factual information about BlackRock's stake without offering positive or negative commentary on the issuer's performance or outlook.

Positives

• BlackRock, a major institutional investor, maintains a significant 10.1% stake in Carpenter Technology Corp., indicating continued institutional confidence.
• The shares were acquired and are held in the ordinary course of business, suggesting a long-term investment strategy rather than an activist intent.

Negatives

• No explicit negative information regarding Carpenter Technology Corp. is present in this beneficial ownership report.

Risks

• This beneficial ownership report does not detail specific risks for Carpenter Technology Corp. It states that BlackRock's acquisition and holding of shares were not for the purpose of changing or influencing control of the issuer.

Future Outlook

No forward-looking statements or guidance regarding Carpenter Technology Corp. are provided in this beneficial ownership report.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This filing reflects a routine disclosure of a significant institutional investment by BlackRock, Inc. in Carpenter Technology Corp. It does not provide broader industry trends or competitive analysis, focusing solely on BlackRock's beneficial ownership position.

Stakeholder Impact

• Shareholders of Carpenter Technology Corp. are informed of BlackRock's continued significant institutional ownership, which can be viewed as a vote of confidence from a major asset manager.

Key Dates

Keywords

Carpenter Technology, BlackRock, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, SEC Filing, Investment Management