diff --git a/homeassistant/components/folder_watcher/manifest.json b/homeassistant/components/folder_watcher/manifest.json
index 6263a0495b7..01482a2c5fe 100644
--- a/homeassistant/components/folder_watcher/manifest.json
+++ b/homeassistant/components/folder_watcher/manifest.json
@@ -2,7 +2,7 @@
   "domain": "folder_watcher",
   "name": "Folder Watcher",
   "documentation": "https://www.home-assistant.io/integrations/folder_watcher",
-  "requirements": ["watchdog==2.0.2"],
+  "requirements": ["watchdog==2.0.3"],
   "codeowners": [],
   "quality_scale": "internal",
   "iot_class": "local_polling"
diff --git a/requirements_all.txt b/requirements_all.txt
index 79d08c9c640..9d139759fcc 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2314,7 +2314,7 @@ wakeonlan==2.0.1
 waqiasync==1.0.0
 
 # homeassistant.components.folder_watcher
-watchdog==2.0.2
+watchdog==2.0.3
 
 # homeassistant.components.waterfurnace
 waterfurnace==1.1.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index eed3d3e666d..075d3be686f 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1223,7 +1223,7 @@ vultr==0.1.2
 wakeonlan==2.0.1
 
 # homeassistant.components.folder_watcher
-watchdog==2.0.2
+watchdog==2.0.3
 
 # homeassistant.components.wiffi
 wiffi==1.0.1