diff --git a/homeassistant/components/folder_watcher/manifest.json b/homeassistant/components/folder_watcher/manifest.json
index 31a199ab88d..96decd0b8cf 100644
--- a/homeassistant/components/folder_watcher/manifest.json
+++ b/homeassistant/components/folder_watcher/manifest.json
@@ -6,5 +6,5 @@
   "iot_class": "local_polling",
   "loggers": ["watchdog"],
   "quality_scale": "internal",
-  "requirements": ["watchdog==2.2.1"]
+  "requirements": ["watchdog==2.3.1"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 08455e47a51..cc83b2eab03 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2614,7 +2614,7 @@ wallbox==0.4.12
 waqiasync==1.0.0
 
 # homeassistant.components.folder_watcher
-watchdog==2.2.1
+watchdog==2.3.1
 
 # homeassistant.components.waterfurnace
 waterfurnace==1.1.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index bc825bd3b27..1f4b0c06bc6 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1860,7 +1860,7 @@ wakeonlan==2.1.0
 wallbox==0.4.12
 
 # homeassistant.components.folder_watcher
-watchdog==2.2.1
+watchdog==2.3.1
 
 # homeassistant.components.whirlpool
 whirlpool-sixth-sense==0.18.2