Why restTemplate.put() throws “HttpClientErrorException: 404 Not Found”

I make a put request

RestTemplate restTemplate = new RestTemplate();

restTemplate.put(new URI("http://localhost:8080/test"), dto);

which successfully hits the rest endpoint

@RequestMapping(value = "/test", method=RequestMethod.PUT)

public void test123(@RequestBody DTO dto) {

    System.out.println("phone:"+dto.getPhone());

}

but the "put" method on the client throws exception, even though the server is hit successfully and I don't expect return value.

Exception in thread "main" org.springframework.web.client.HttpClientErrorException: 404 Not Found

    at org.springframework.web.client.DefaultResponseErrorHandler.handleError(DefaultResponseErrorHandler.java:91)

    at org.springframework.web.client.RestTemplate.handleResponseError(RestTemplate.java:589)

    at org.springframework.web.client.RestTemplate.doExecute(RestTemplate.java:547)

    at org.springframework.web.client.RestTemplate.execute(RestTemplate.java:518)

    at org.springframework.web.client.RestTemplate.put(RestTemplate.java:394)

    at com.my.Main.main(Main.java:45)