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Absolutely, you can fill them, sand them, and repaint them. I wouldn't suggest a water based filler (such as elmers) for hook swing damage (when the hook cuts it again it will crumble and lift your paint). A 2 part filler like PC-11 epoxy or Auto body paste works fine. Solvent based Famwood Filler is OK, but hard to use indoors. Others may suggest something better. Once it is dry, sand them smooth, prime, repaint, and clear coat. I wouldn't bother trying to reseal the plug. Sealing doesn't help with hook swing and the inside of the plug would have already been sealed by the manufacturer. Go for it.
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