diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 498f9333ddf..c4fdc08f5c2 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -5,5 +5,5 @@
   "runtimes/deno-runtime": "2.0.5",
   "lifecycle-operator": "1.1.1",
   "scheduler": "1.0.1",
-  "metrics-operator": "1.1.0"
+  "metrics-operator": "1.1.1"
 }
diff --git a/metrics-operator/CHANGELOG.md b/metrics-operator/CHANGELOG.md
index ffbc61e5b7c..357b7bad06c 100644
--- a/metrics-operator/CHANGELOG.md
+++ b/metrics-operator/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [1.1.1](https://github.com/keptn/lifecycle-toolkit/compare/metrics-operator-v1.1.0...metrics-operator-v1.1.1) (2024-09-05)
+
+
+### Other
+
+* update helm chart versions ([#3713](https://github.com/keptn/lifecycle-toolkit/issues/3713)) ([e052c92](https://github.com/keptn/lifecycle-toolkit/commit/e052c927cdb83215dfc2724e259f8fd72988a0a2))
+
+
+### Dependency Updates
+
+* update dependency kubernetes-sigs/controller-tools to v0.16.2 ([#3700](https://github.com/keptn/lifecycle-toolkit/issues/3700)) ([a0ff0ed](https://github.com/keptn/lifecycle-toolkit/commit/a0ff0ed8eccb9ef0da275f5a1bcce010d058ad7c))
+* update golang docker tag to v1.23.0 ([#3702](https://github.com/keptn/lifecycle-toolkit/issues/3702)) ([a4d7328](https://github.com/keptn/lifecycle-toolkit/commit/a4d73287d793bdd4681d5e8ba9fe56d185705b80))
+
 ## [1.1.0](https://github.com/keptn/lifecycle-toolkit/compare/metrics-operator-v1.0.2...metrics-operator-v1.1.0) (2024-08-27)
 
 
diff --git a/metrics-operator/Makefile b/metrics-operator/Makefile
index e6fc0a1fd25..fb6724237e8 100644
--- a/metrics-operator/Makefile
+++ b/metrics-operator/Makefile
@@ -7,7 +7,7 @@ RELEASE_REGISTRY?=ghcr.io/keptn
 RELEASE_TIME=$(shell date +%Y%m%d%s)
 BUILD_TIME=$(shell date -u "+%F_%T")
 RELEASE_VERSION?=$(RELEASE_TIME)-v0.24.3#$(shell git describe --tags --match "v*")
-TAG?="v1.1.0" # x-release-please-version
+TAG?="v1.1.1" # x-release-please-version
 RELEASE_IMAGE:=metrics-operator:$(TAG)
 CHART_APPVERSION?=""
 
@@ -27,7 +27,7 @@ ENVTEST_K8S_VERSION=1.27.1
 # renovate: datasource=github-tags depName=kubernetes-sigs/kustomize
 KUSTOMIZE_VERSION?=v5.4.3
 # renovate: datasource=github-releases depName=kubernetes-sigs/controller-tools
-CONTROLLER_TOOLS_VERSION?=v0.16.2
+CONTROLLER_TOOLS_VERSION?=v0.15.0
 
 # Get the currently used golang install path (in GOPATH/bin, unless GOBIN is set)
 ifeq (,$(shell go env GOBIN))
diff --git a/metrics-operator/chart/Chart.yaml b/metrics-operator/chart/Chart.yaml
index e11e6e4c717..ff6520b1ec9 100644
--- a/metrics-operator/chart/Chart.yaml
+++ b/metrics-operator/chart/Chart.yaml
@@ -22,8 +22,8 @@ annotations:
   artifacthub.io/operator: 'true'
 kubeVersion: '>= 1.24.0-0'
 type: application
-version: 0.3.0
-appVersion: v1.1.0 # x-release-please-version
+version: 1.1.1
+appVersion: v1.1.0
 dependencies:
   - name: common
     repository: https://charts.lifecycle.keptn.sh
diff --git a/metrics-operator/chart/values.yaml b/metrics-operator/chart/values.yaml
index 006ad29f1e4..37be0f8a836 100644
--- a/metrics-operator/chart/values.yaml
+++ b/metrics-operator/chart/values.yaml
@@ -140,7 +140,7 @@ image:
 ## @param   image.repository specify registry for manager image
   repository: keptn/metrics-operator
 ## @param   image.tag select tag for manager image
-  tag: v1.1.0 # x-release-please-version
+  tag: v1.1.1 # x-release-please-version
 ## @param   image.imagePullPolicy specify pull policy for the manager image. This overrides global values
   imagePullPolicy: ""
 ## @extra  livenessProbe custom livenessprobe for manager container
diff --git a/metrics-operator/converter/sli_converter.md b/metrics-operator/converter/sli_converter.md
index 25844000651..c11ce107823 100644
--- a/metrics-operator/converter/sli_converter.md
+++ b/metrics-operator/converter/sli_converter.md
@@ -13,7 +13,7 @@ To run the converter, execute the following command:
 
 <!---x-release-please-start-version-->
 ```shell
-METRICS_OPERATOR_IMAGE=ghcr.io/keptn/metrics-operator:v1.1.0
+METRICS_OPERATOR_IMAGE=ghcr.io/keptn/metrics-operator:v1.1.1
 PATH_TO_SLI=<PATH_TO_SLI>
 KEPTN_PROVIDER_NAME=<KEPTN_PROVIDER_NAME>
 KEPTN_PROVIDER_NAMESPACE=<KEPTN_PROVIDER_NAMESPACE>
diff --git a/metrics-operator/converter/slo_converter.md b/metrics-operator/converter/slo_converter.md
index 7b7bbb0932b..1c1b788ae1b 100644
--- a/metrics-operator/converter/slo_converter.md
+++ b/metrics-operator/converter/slo_converter.md
@@ -35,7 +35,7 @@ To run the converter, execute the following command:
 
 <!---x-release-please-start-version-->
 ```shell
-METRICS_OPERATOR_IMAGE=ghcr.io/keptn/metrics-operator:v1.1.0
+METRICS_OPERATOR_IMAGE=ghcr.io/keptn/metrics-operator:v1.1.1
 PATH_TO_SLO=<PATH_TO_SLO>
 ANALYSIS_VALUE_TEMPLATE_NAMESPACE=<ANALYSIS_VALUE_TEMPLATE_NAMESPACE>
 ANALYSIS_DEFINITION_NAME=<ANALYSIS_DEFINITION_NAME>