1) Almost certainly a hanging ornament, an alternative form of pendant (OED), although there is scope for confusion with ‘penner’.
1527 on velvett girdle with penall and bukill gilte, Whitkirk
1531 Item a lytyl buckyll and a penell and vj stoythes [studs], York
1558 my late wife girdle with that pendall and buckle of silver, Fairburn. It may have been used more generally for any hanging object: 1588 one iron range with all the pendles therunto belonging, Barwick.