Auscultation, particularly heart sound, is a non-invasive technique that provides essential vital sign information. Recently, self-supervised acoustic representation foundation models (FMs) have been proposed to offer insights into acoustics-based vital signs. However, there has been little exploration of the extent to which auscultation is encoded in these pre-trained FM representations. In this work, using a publicly available phonocardiogram (PCG) dataset and a heart rate (HR) estimation model, we conduct a layer-wise investigation of six acoustic representation FMs: HuBERT, wav2vec2, wavLM, Whisper, Contrastive Language-Audio Pretraining (CLAP), and an in-house CLAP model against acoustic features as baseline. Notably, HR estimation using the representations from the audio encoder of the in-house CLAP model outperforms the results obtained from the baseline, achieving a lower mean absolute error (MAE) across various train/validation/test splits despite the domain mismatch.