A fastener installation tool including a cylinder assembly having a housing and a handle/sleeve assembly attached to the housing. The handle/sleeve assembly includes a handle having a bore and an inner wall defined by the bore. The handle/sleeve assembly further includes an outer sleeve having an outer wall and an inner wall, and an inner sleeve having an outer wall and an inner wall. The outer sleeve is positioned within the bore of the handle, while the inner sleeve is positioned concentrically within the outer sleeve to form an annular space between the outer wall of the inner sleeve and the inner wall of the outer sleeve. The annular space is utilized to conduct hydraulic fluid.