diff --git a/package/python-pymodbus/python-pymodbus.hash b/package/python-pymodbus/python-pymodbus.hash
index 72b5b82019..7e3cadce70 100644
--- a/package/python-pymodbus/python-pymodbus.hash
+++ b/package/python-pymodbus/python-pymodbus.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pymodbus/json
-md5  c7879e21035bb4fc5d22b473e097b353  pymodbus-3.7.3.tar.gz
-sha256  603490162382fe34258992e3b8fe8d2da573a08aa49257ee7ab7b5b1d1a6653c  pymodbus-3.7.3.tar.gz
+md5  0371a857e08b555cabf3935044675f39  pymodbus-3.7.4.tar.gz
+sha256  573c370aea04523403eea1e159616a583cd7b93cfc5c81b07340d3cccd52c99f  pymodbus-3.7.4.tar.gz
 # Locally computed sha256 checksums
 sha256  47f904249172e795a6b32de91f471073297befffd74e17cafc288d348a55972e  LICENSE
diff --git a/package/python-pymodbus/python-pymodbus.mk b/package/python-pymodbus/python-pymodbus.mk
index 6833e8d58b..0bd99cc3da 100644
--- a/package/python-pymodbus/python-pymodbus.mk
+++ b/package/python-pymodbus/python-pymodbus.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYMODBUS_VERSION = 3.7.3
+PYTHON_PYMODBUS_VERSION = 3.7.4
 PYTHON_PYMODBUS_SOURCE = pymodbus-$(PYTHON_PYMODBUS_VERSION).tar.gz
-PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/af/33/3ccba09863981b2a3977933aa583b66ab65084bcb94aae4ec94ac23c9e39
+PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/0b/bc/f98789706351e778676a3e84ed6203160c4f581092e298eb075bc9e08230
 PYTHON_PYMODBUS_SETUP_TYPE = setuptools
 PYTHON_PYMODBUS_LICENSE = BSD-3-Clause
 PYTHON_PYMODBUS_LICENSE_FILES = LICENSE