Toledo's tournament-winning putt came after he had registered a 3-under 69, ending 54 holes knotted with Perry (2-under 70) at 5-under-par 211.
Claiming sole possession of third place one shot further back was Duffy Waldorf (70).
Bernhard Langer, who entered Sunday with a three-shot lead, fell out of contention with a 3-over 75.
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