<SEC-DOCUMENT>0000899140-23-000355.txt : 20230214
<SEC-HEADER>0000899140-23-000355.hdr.sgml : 20230214
<ACCEPTANCE-DATETIME>20230214144057
ACCESSION NUMBER:		0000899140-23-000355
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20230214
DATE AS OF CHANGE:		20230214
GROUP MEMBERS:		GEORGE S. LOENING

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORO CO
		CENTRAL INDEX KEY:			0000737758
		STANDARD INDUSTRIAL CLASSIFICATION:	LAWN & GARDEN TRACTORS & HOME LAWN & GARDEN EQUIPMENT [3524]
		IRS NUMBER:				410580470
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-37322
		FILM NUMBER:		23627370

	BUSINESS ADDRESS:	
		STREET 1:		8111 LYNDALE AVE SOUTH
		CITY:			BLOOMINGTON
		STATE:			MN
		ZIP:			55420-1196
		BUSINESS PHONE:		9528888801

	MAIL ADDRESS:	
		STREET 1:		8111 LYNDALE AVENUE SOUTH
		CITY:			BLOOMINGTON
		STATE:			MN
		ZIP:			55420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TORO CO/DE
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Select Equity Group, L.P.
		CENTRAL INDEX KEY:			0001592643
		IRS NUMBER:				463465710
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		380 LAFAYETTE STREET
		STREET 2:		6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
		BUSINESS PHONE:		212 475-8335

	MAIL ADDRESS:	
		STREET 1:		380 LAFAYETTE STREET
		STREET 2:		6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>t020823a.htm
<DESCRIPTION>SCHEDULE 13G
<TEXT>
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    <div style="text-align: center; margin-right: 94.25pt; margin-left: 94.7pt; margin-top: 11pt; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; margin-right: 94.25pt; margin-left: 94.25pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; margin-right: 94.2pt; margin-left: 94.7pt; font-size: 14pt; font-weight: bold;">SCHEDULE 13G</div>
    <div style="text-align: center; margin-right: 95pt; margin-left: 85.5pt; margin-top: 8.85pt; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; margin-right: 95pt; margin-left: 85.5pt; margin-top: 8.85pt; font-weight: bold;">(Amendment No. )*</div>
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    <div style="text-align: center; margin-right: 94.25pt; margin-left: 94.7pt; font-weight: bold;">The Toro Company</div>
    <div style="margin-left: 113.05pt;"><img width="377" height="6" src="image2.jpg"></div>
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      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(Name of Issuer)</div>
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    <div style="margin: 0px 93.75pt 0px 94.7pt; font-weight: bold; text-align: center;">Common Stock</div>
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      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(Title of Class of Securities)</div>
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      <div style="margin: 0px 93.75pt 0px 94.7pt; font-weight: bold; text-align: center;">891092108</div>
      <div style="text-align: center; margin-right: 94.25pt; margin-left: 94.25pt; margin-top: 2.3pt; font-weight: bold;">
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(CUSIP Number)</div>
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    <div style="text-align: center; margin-right: 94.25pt; margin-left: 94.25pt; font-weight: bold;">December 31, 2022</div>
    <div style="margin-left: 113.05pt;"><img width="377" height="6" src="image2.jpg"></div>
    <div style="text-align: center; margin-right: 95pt; margin-left: 94.5pt; margin-top: 1.65pt; font-weight: bold;">
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;">(Date of Event Which Requires Filing of This Statement)</div>
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    <div style="text-align: justify; margin-left: 22.2pt; margin-top: 6pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <br>
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                <div style="text-align: center;">&#9746;</div>
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                <div style="font-family: 'Times New Roman', Times, serif;">Rule 13d-1(b)</div>
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                <div style="text-align: center;">&#9744;</div>
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                <div style="font-family: 'Times New Roman', Times, serif;">Rule 13d-1(c)</div>
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                <div style="text-align: center;">&#9744;</div>
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                <div style="font-family: 'Times New Roman', Times, serif;">Rule 13d-1(d)</div>
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    <div style="text-align: justify; margin-right: 21.95pt; margin-left: 22.2pt;">*The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any
      subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</div>
    <div style="margin-top: 0.1pt;"><br>
    </div>
    <div style="text-align: justify; margin-right: 21.8pt; margin-left: 22.2pt;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or
      otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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                <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">CUSIP No. 891092108</div>
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              <td style="width: 33.34%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); padding-bottom: 2px;">
                <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SCHEDULE 13G</div>
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                <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Page 2 of 6 Pages</div>
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            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">1</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">NAMES OF REPORTING PERSONS</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">Select Equity Group, L.P.</div>
          </td>
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          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">2</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            <div style="text-indent: 1.8pt;">(a)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21.65pt" class="BRFWTab">&#160;</font>&#9744;</div>
            <div style="text-indent: 1.8pt;"><font style="font-size: 8pt;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21.0pt" class="BRFWTab">&#160;</font>&#9744;</div>
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            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">3</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; background-color: rgb(204, 204, 204); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">SEC USE ONLY</div>
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          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt;">4</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">Delaware</div>
          </td>
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        <tr>
          <td style="width: 19.18%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">NUMBER OF </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;"> SHARES </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">BENEFICIALLY </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">OWNED </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">BY EACH </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">REPORTING </font></div>
            <div style="text-align: center; text-indent: 0.75pt; margin-right: 4.5pt;"><font style="font-weight: bold;">PERSON</font>&#160;<font style="font-weight: bold;">WITH</font></div>
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          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">5</div>
          </td>
          <td style="width: 73.66%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">0</div>
          </td>
        </tr>
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          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">6</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
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          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">7</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">0</div>
          </td>
        </tr>
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          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">8</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SHARED DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">9</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
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          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">10</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 0.5pt; font-weight: bold;">11</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
            <div>&#160;</div>
            <div>5.6%*</div>
          </td>
        </tr>
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          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">12</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">TYPE OF REPORTING PERSON</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">IA</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 8pt;">* Beneficial ownership based on 104,008,480 shares of Common Stock outstanding as of December 15, 2022, as reported on the Issuer&#8217;s Annual Report on Form 10-K filed with the Securities Exchange Commission on December 22,
      2022.</div>
    <div style="margin-top: 0.3pt;"><br>
    </div>
    <div style="margin-top: 4.1pt;"><br>
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                <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">CUSIP No. 891092108</div>
              </td>
              <td style="width: 33.34%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); padding-bottom: 2px;">
                <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SCHEDULE 13G</div>
              </td>
              <td style="width: 33.32%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
                <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Page 3 of 6 Pages</div>
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      <div style="margin-top: 0.5pt;"> <br>
      </div>
      <div style="margin-top: 0.5pt;"> <br>
      </div>
      <div style="margin-top: 0.5pt;"> <br>
      </div>
    </div>
    <div style="margin-top: 0.1pt;"><br>
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    <table cellspacing="0" cellpadding="3" border="0" id="z4b39d13085484fbb9041e0c778ef6422" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">1</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">NAMES OF REPORTING PERSONS</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">George S. Loening</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">2</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
            <div style="text-indent: 1.8pt;">(a)<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21.65pt" class="BRFWTab">&#160;</font>&#9744;</div>
            <div style="text-indent: 1.8pt;"><font style="font-size: 8pt;">(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21.0pt" class="BRFWTab">&#160;</font>&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">3</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; background-color: rgb(204, 204, 204); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">SEC USE ONLY</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt;">4</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">USA</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.18%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" rowspan="4" colspan="2">
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div style="text-align: center; font-weight: bold;">NUMBER OF </div>
            <div style="text-align: center; font-weight: bold;">SHARES </div>
            <div style="text-align: center; font-weight: bold;">BENEFICIALLY </div>
            <div style="text-align: center; font-weight: bold;">OWNED BY </div>
            <div style="text-align: center; font-weight: bold;">EACH </div>
            <div style="text-align: center; font-weight: bold;">REPORTING </div>
            <div style="text-align: center; font-weight: bold;">PERSON</div>
            <div style="text-align: center; margin-right: 0.45pt; font-weight: bold;">WITH</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">5</div>
          </td>
          <td style="width: 73.66%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SOLE VOTING POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">6</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SHARED VOTING POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">7</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SOLE DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">0</div>
          </td>
        </tr>
        <tr>
          <td style="width: 7.29%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">8</div>
          </td>
          <td style="width: 7.16%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
            <div style="margin-left: 1.8pt; font-weight: bold;">SHARED DISPOSITIVE POWER</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">9</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5,839,470</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">10</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-right: 0.5pt; font-weight: bold;">11</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">5.6%*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 11.89%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; margin-left: 0.6pt; font-weight: bold;">12</div>
          </td>
          <td style="width: 88.11%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);" colspan="3">
            <div style="margin-left: 1.8pt; font-weight: bold;">TYPE OF REPORTING PERSON</div>
            <div>&#160;</div>
            <div style="margin-left: 1.8pt;">IN/HC</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 8pt;">* Beneficial ownership based on 104,008,480 shares of Common Stock outstanding as of December 15, 2022, as reported on the Issuer&#8217;s Annual Report on Form 10-K filed with the Securities Exchange Commission on December 22,
      2022.</div>
    <div><br>
    </div>
    <div style="margin-top: 0.1pt;"><br>
    </div>
    <div style="margin-top: 4.1pt;"><br>
    </div>
    <div style="margin-top: 0.4pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after:always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="margin-left: 1pt; margin-top: 3.4pt;"><font style="font-weight: bold;">Item 1(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Name

          of Issuer</u></font>:</div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">The Toro Company</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zcc0e77e57d6545f6971f1b24ed6ab1c0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000; margin-top: 0.05pt;">

        <tr>
          <td style="width: 5.75pt;"><br>
          </td>
          <td style="width: 111.6pt; vertical-align: top; align: right; font-weight: bold;">Item 1(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div><font style="font-weight: bold;"><u>Address of Issuer&#8217;s Principal Executive Offices</u></font>:</div>
          </td>
        </tr>

    </table>
    <div style="margin-top: 0.05pt;"><br>
    </div>
    <div style="text-indent: 0pt; margin-right: 225.35pt; margin-left: 117.35pt; margin-top: 0.05pt;">8111 Lyndale Avenue South</div>
    <div style="text-indent: 0pt; margin-right: 225.35pt; margin-left: 117.35pt; margin-top: 0.05pt;">Bloomington, Minnesota 55420-1196</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Items 2(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Name of Person
          Filing</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-right: 4.9pt; margin-left: 126.35pt;">This Schedule 13G is being filed jointly by Select Equity Group, L.P., a Delaware limited partnership (&#8220;Select LP&#8221;) and George S. Loening (&#8220;Loening&#8221;), who is the majority owner of Select LP and
      managing member of its general partner. Select LP and Loening are sometimes jointly referred to herein as the &#8220;Select Reporting Persons.&#8221;</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 2(b)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Address of
          Principal Business Office</u>:</font></div>
    <div style="margin-right: 111pt; margin-left: 126.35pt; margin-top: 0.05pt;">The business address of each of the Select Reporting Persons is: 380 Lafayette Street, 6th Floor</div>
    <div style="margin-left: 126.35pt; margin-top: 3.4pt;">New York, New York 10003</div>
    <div><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 2(c)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Citizenship</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">George S. Loening is a United States citizen.</div>
    <div><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 2(d)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Title of Class of
          Securities</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">Common Stock</div>
    <div><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 2(e)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>CUSIP Number</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">891092108</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 3</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>If this statement is
          filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is</u>:</font></div>
    <div style="margin-top: 0.55pt;"><br>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z7294663e01e74d7e92e127bdf80a224d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(a)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;Broker or dealer registered under Section 15 of the Act&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z2e7e8d8c2f3646678f636ea6c1c74732" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(b)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;Bank as defined in Section 3(a)(6) of the Act&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z2c8b6ecc3134439ca530e2d699741739" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(c)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;Insurance company as defined in Section 3(a)(19) of the Act&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z902b852403c34d95afd924bdc429328a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(d)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;Investment company registered under Section 8 of the Investment Company Act of 1940&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zfd1ff1c7198a465bbb85e0ba76af7876" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(e)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9746;&#160;An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z947d82926e7247fea86cc4969edd6eab" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(f)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F)&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z007a35906b8b4a568f818be3972ac417" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(g)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9746;&#160;A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z3c817e5da6504517a99b0a23c29e8a09" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(h)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zbf84624c533c418280c57edcce3a635a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0.95pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; margin-top: 0.95pt; font-size: 8pt;">(i)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="margin-top: 0.95pt; font-size: 8pt;">&#9744;&#160;A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z7fe0d275d6d541bfb94e785eb1770f59" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(j)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J)&#894;</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z47ed0dc547984b75b295b493ed421fdd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 126.35pt; vertical-align: top; align: right;">
              <div style="margin-left: 97.95pt; font-size: 8pt;">(k)</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 8pt;">&#9744;&#160;Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="margin-top: 0.55pt;"><br>
    </div>
    <div style="text-align: center; margin-right: 250.35pt; margin-left: 250.65pt;">4</div>
    <div style="margin-top: 0.4pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after:always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.25pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 4</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Ownership</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-right: 4.9pt; margin-left: 126.35pt;">The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto for each Select Reporting Person and is incorporated herein by reference for
      each such Select Reporting Person.</div>
    <div><br>
    </div>
    <div style="margin-top: 0.3pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 5</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Ownership of Five
          Percent or Less of a Class</u>:</font></div>
    <div style="margin-top: 0.45pt;"><br>
    </div>
    <div style="margin-right: 4.9pt; margin-left: 126.35pt;">If this statement is being filed to report the fact that as of the date hereof a reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check
      the following <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font> .</div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 6</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Ownership of More than
          Five Percent on Behalf of Another Person</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">N/A</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z6f35608c543b42eeb8fa855e03d53b63" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 6pt;"><br>
          </td>
          <td style="width: 111.75pt; vertical-align: top; align: right; font-weight: bold;">Item 7</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;"><u>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the</u>&#160;<u>Parent Holding Company</u>:</div>
          </td>
        </tr>

    </table>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 126.35pt;">See Exhibit 99.1</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 8</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Identification and
          Classification of Members of the Group</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">N/A</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 9</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Notice of Dissolution
          of Group</u>:</font></div>
    <div><br>
    </div>
    <div style="margin-left: 126.35pt;">N/A</div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="margin-top: 0.5pt;"><br>
    </div>
    <div style="margin-left: 1pt;"><font style="font-weight: bold;">Item 10</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 116.75pt" class="BRFWTab">&#160;</font><font style="font-weight: bold;"><u>Certification</u>:</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">By signing below I certify that, to the best of my knowledge and belief, 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 &#167; 240.14a-11.</div>
    <div><br>
    </div>
    <div style="margin-top: 0.35pt;"><br>
    </div>
    <div style="text-align: center; margin-right: 250.35pt; margin-left: 250.65pt;">5</div>
    <div style="margin-top: 0.4pt;"><br>
    </div>
    <div style="margin-left: 5.35pt;"><img width="661" height="1" src="image3.jpg"></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after:always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-right: 168.8pt; margin-left: 200.3pt; margin-top: 3.2pt; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-indent: 30.3pt; margin-right: 5.7pt; margin-left: 5pt;">After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.</div>
    <div><br>
    </div>
    <div style="margin-left: 241.75pt;">SELECT EQUITY GROUP, L.P.</div>
    <div style="margin-right: 14pt; margin-left: 241.75pt; margin-top: 0.25pt;">By: Select Equity GP, LLC, its General Partner</div>
    <div style="margin-right: 14pt; margin-left: 241.75pt; margin-top: 0.25pt;">By:&#160; <u>/s/ George S. Loening &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;</u><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 154.25pt" class="BRFWTab"></font></div>
    <div style="margin-right: 36.5pt; margin-left: 241.75pt; margin-top: 3.4pt;">Name: George S. Loening</div>
    <div style="margin-right: 36.5pt; margin-left: 241.75pt; margin-top: 3.4pt;">Title: Managing Member</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 148.5pt; margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;"><br>
    </div>
    <div style="margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;"><u> /s/ George S. Loening&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
    </div>
    <div style="margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;">George S. Loening, an individual</div>
    <div><br>
    </div>
    <div style="margin-top: 0.55pt;"><br>
    </div>
    <div style="margin-left: 5pt;">Dated: February 14, 2023</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">6</div>
    <div><br>
    </div>
    <br>
    <div><br>
    </div>
  </div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>t020823b.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Willkie Farr & Gallagher LLP
         Document created using Broadridge PROfile 23.1.1.5115
         Copyright 1995 - 2023 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt;"><u>EXHIBIT 99.1</u></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">The identity and the Item 3 classification of the relevant subsidiary are: Select Equity Group, L.P., which is an Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E).</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <br>
    <div><br>
    </div>
  </div>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>t020823c.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Willkie Farr & Gallagher LLP
         Document created using Broadridge PROfile 23.1.1.5115
         Copyright 1995 - 2023 Broadridge -->
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right;"><u>EXHIBIT 99.2</u></div>
    <div style="text-align: center;"><u>AGREEMENT OF REPORTING PERSONS</u></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on
      behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the
      information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that such person or entity knows or has reason to believe that such information
      is inaccurate. This agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument.</div>
    <div><br>
    </div>
    <div style="text-indent: -36pt; margin-left: 36pt;">Dated:&#160; February 14, 2023</div>
    <div style="margin-left: 241.75pt;">SELECT EQUITY GROUP, L.P.</div>
    <div style="margin-right: 14pt; margin-left: 241.75pt; margin-top: 0.25pt;">By: Select Equity GP, LLC, its General Partner</div>
    <div style="margin-right: 14pt; margin-left: 241.75pt; margin-top: 0.25pt;">By:&#160; <u>/s/ George S. Loening &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;</u></div>
    <div style="margin-right: 36.5pt; margin-left: 241.75pt; margin-top: 3.4pt;">Name: George S. Loening</div>
    <div style="margin-right: 36.5pt; margin-left: 241.75pt; margin-top: 3.4pt;">Title: Managing Member</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 148.5pt; margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;"><br>
    </div>
    <div style="margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;"><u> /s/ George S. Loening&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
    </div>
    <div style="margin-right: 81.5pt; margin-left: 243pt; margin-top: 3.4pt;">George S. Loening, an individual</div>
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MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
D@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** /__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image3.jpg
<TEXT>
begin 644 image3.jpg
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&*** /__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
