diff --git a/.github/release-please-manifest.json b/.github/release-please-manifest.json
index 44b10ef8..6fa3b724 100644
--- a/.github/release-please-manifest.json
+++ b/.github/release-please-manifest.json
@@ -1 +1 @@
-{".":"4.1.0"}
+{".":"4.2.0"}
diff --git a/changelogs/dev-changelog.md b/changelogs/dev-changelog.md
index aa123474..d96fa027 100644
--- a/changelogs/dev-changelog.md
+++ b/changelogs/dev-changelog.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [4.2.0](https://github.com/ansible-collections/hetzner.hcloud/compare/4.1.0...4.2.0) (2024-08-28)
+
+
+### Features
+
+* compute load balancer targets status using a filter ([#550](https://github.com/ansible-collections/hetzner.hcloud/issues/550)) ([fce8bc9](https://github.com/ansible-collections/hetzner.hcloud/commit/fce8bc9bb971e87cacfeca115fe7be01b0f908d9))
+
+
+### Bug Fixes
+
+* check label_selector child targets with load_balancer_status filter ([#552](https://github.com/ansible-collections/hetzner.hcloud/issues/552)) ([abdf722](https://github.com/ansible-collections/hetzner.hcloud/commit/abdf72212b73ad1fc67856e88df97b5173ed1767))
+
 ## [4.1.0](https://github.com/ansible-collections/hetzner.hcloud/compare/4.0.1...4.1.0) (2024-07-25)
 
 
diff --git a/galaxy.yml b/galaxy.yml
index d4d49aef..192e354d 100644
--- a/galaxy.yml
+++ b/galaxy.yml
@@ -1,6 +1,6 @@
 namespace: hetzner
 name: hcloud
-version: 4.1.0
+version: 4.2.0
 readme: README.md
 authors:
   - Hetzner Cloud (github.com/hetznercloud)
diff --git a/plugins/module_utils/version.py b/plugins/module_utils/version.py
index cf32cd26..3d1bebef 100644
--- a/plugins/module_utils/version.py
+++ b/plugins/module_utils/version.py
@@ -1,3 +1,3 @@
 from __future__ import annotations
 
-version = "4.1.0"  # x-release-please-version
+version = "4.2.0"  # x-release-please-version