Did I play this KQo Well?

[FiReSiStAnT]

PokerStars No-Limit Hold'em, $0.25 BB (6 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Hero ($25.35)
BB ($35.40)
UTG ($21.75)
MP ($12.10)
CO ($24.90)
Button ($37.20)

Preflop: Hero is SB with K[img]/images/graemlins/spade.gif[/img], Q[img]/images/graemlins/diamond.gif[/img].
<font color="#666666">1 fold</font>, MP calls $0.25, <font color="#CC3333">CO raises to $1.25</font>, <font color="#666666">1 fold</font>, Hero calls $1.15, <font color="#666666">1 fold</font>, MP folds.

Flop: ($3) T[img]/images/graemlins/heart.gif[/img], 4[img]/images/graemlins/spade.gif[/img], J[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
Hero checks, <font color="#CC3333">CO bets $2</font>, <font color="#CC3333">Hero raises to $5</font>, CO calls $3.

Is my raise a bad bluff or a strong bet? I figured maybe I can get him off AQ or 88, something like that.
What do you think of his call? What should I put him on now?
What do you do if the turn is a blank?

Thanks guys, I'll post the results of this one after a few responses if anyones interested