diff --git a/CMake/itkVersion.cmake b/CMake/itkVersion.cmake
index e4100f739a0..7ca299fe6ab 100644
--- a/CMake/itkVersion.cmake
+++ b/CMake/itkVersion.cmake
@@ -1,4 +1,4 @@
 # ITK version number components.
 set(ITK_VERSION_MAJOR "5")
 set(ITK_VERSION_MINOR "4")
-set(ITK_VERSION_PATCH "0")
+set(ITK_VERSION_PATCH "1")