SCHEDULE: FMR LLC Discloses 6.8% Stake in Carpenter Technology

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 6.8% beneficial ownership stake in Carpenter Technology Corp as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson filed an Amendment No. 4 to Schedule 13G concerning their beneficial ownership of common stock in Carpenter Technology Corp.
• As of September 30, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 3,371,421.60 shares, representing 6.8% of the class of common stock.
• FMR LLC holds sole voting power over 3,152,951.78 shares and sole dispositive power over 3,371,421.60 shares.
• Abigail P. Johnson holds sole dispositive power over 3,371,421.60 shares, with no sole or shared voting power.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Carpenter Technology Corp.
• Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is identified as an entity that beneficially owns 5% or greater of the outstanding shares of the security class.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a neutral, factual disclosure of beneficial ownership. It does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects, but rather transparency regarding a significant institutional stake.

Future Outlook

NA

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 significant institutional investment in Carpenter Technology Corp, a company operating in the specialized materials industry. Such disclosures are standard for large asset managers like FMR LLC and provide transparency regarding major ownership stakes, which can influence market perception of a company's stability and investor confidence.

Related Party Transactions

• Abigail P. Johnson, a reporting person, is a Director, Chairman, and Chief Executive Officer of FMR LLC, the other reporting person.
• Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of its voting power.
• The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially signaling confidence or stability.
• Management: Awareness of a large, passive institutional holder.

Key Dates

Keywords

Carpenter Technology Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management