A fastener installation tool including a cylinder assembly, a handle/sleeve assembly, and a tool head. The handle/sleeve assembly includes a handle having a bore and a sleeve positioned within the bore. An inner wall of the sleeve includes a first portion with a first inner diameter and a second portion with a second inner diameter. The sleeve includes an outer wall having a first portion with a first outer diameter and a second portion with a second outer diameter, the first outer diameter of the first portion of the outer wall of the sleeve being greater than the second outer diameter of the second portion of the outer wall of the sleeve. A space is formed between the second portion of the outer wall of the sleeve and the second portion of the inner wall of the handle, which enables the sleeve to flex during operation of the tool.