diff --git a/frappe/__version__.py b/frappe/__version__.py
index 2bcefd9d49..92d2f15657 100644
--- a/frappe/__version__.py
+++ b/frappe/__version__.py
@@ -1,2 +1,2 @@
 from __future__ import unicode_literals
-__version__ = "5.4.1"
+__version__ = "5.4.2"
diff --git a/frappe/hooks.py b/frappe/hooks.py
index bab4d141fb..8467f7550c 100644
--- a/frappe/hooks.py
+++ b/frappe/hooks.py
@@ -26,7 +26,7 @@ to ERPNext.
 """
 
 app_icon = "octicon octicon-circuit-board"
-app_version = "5.4.1"
+app_version = "5.4.2"
 app_color = "orange"
 github_link = "https://github.com/frappe/frappe"
 
diff --git a/requirements.txt b/requirements.txt
index a3811144a4..de6bdd2909 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -28,4 +28,4 @@ html2text
 email_reply_parser
 click
 num2words
-watchdog
+watchdog==0.8.0
diff --git a/setup.py b/setup.py
index 9a6a22b706..ff23d9f27d 100644
--- a/setup.py
+++ b/setup.py
@@ -1,6 +1,6 @@
 from setuptools import setup, find_packages
 
-version = "5.4.1"
+version = "5.4.2"
 
 with open("requirements.txt", "r") as f:
 	install_requires = f.readlines()